Persistent Systems jumped 4.48% to Rs 527.15 after the company said it expanded partnership with Dassault Systemes to strengthen digital transformation capabilities in Europe.
The pact brings industrial original equipment manufacturers (OEMs) and suppliers to the Dassault Systemes 3DExperience platform where clients can reduce costs, improve supplier collaboration, drive agility and gather better field insights for future product iterations and customer support.
The 3DExperience platform is a business experience platform available on premise or on public or private cloud. It enables clients to create powerful experiences through advanced 3D design, 3D digital mock-ups, and product lifecycle management.
This platform complements Persistent's application management and model-based systems engineering capabilities in aerospace, automotive, industrial equipment and electronics industries. Persistent and Dassault Systemes have partnered in the United States since 2013.
Together, Persistent and Dassault Systemes provide a sophisticated collaborative foundation for product innovation and development, the companies said in a statement during trading hours today, 7 May 2020.
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Improving integration across traditional silos in the industrial and manufacturing sector creates a continuous flow of data -- called a digital thread -- that connects the value chain from design and engineering through manufacturing and operations. With improved integration, OEMs and suppliers can now produce increasingly sophisticated products faster, at less cost and with smaller, geographically dispersed teams.
Meanwhile, the Indian IT company achieved Amazon Web Services software-as-a-service competency status.
Persistent Systems' consolidated net profit fell 4.7% to Rs 83.82 crore on a 0.4% increase in revenue to Rs 926.3 crore in Q4 March 2020 over Q3 December 2019. The result was announced after market hours on Tuesday, 5 May 2020.
Persistent Systems is engaged in the business of building software products. The firm offers complete product life cycle services.
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