COMPANY NEWS


Persistent Systems Ltd
BSE Code 533179 ISIN Demat INE262H01021 Book Value (₹) 310.20 NSE Symbol PERSISTENT Div & Yield % 0.73 Market Cap ( Cr.) 54,501.35 P/E * 55.3 EPS * 63.98 Face Value (₹) 5
* Profit to Earning Ratio
* Earning Per Share
Persistent Announces Strategic Collaboration Agreement with AWS to Accelerate Generative AI Adoption Back
(04 Jan 2024)
Persistent Systems, a global Digital Engineering and Enterprise Modernization leader, announced a multi-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to accelerate the pace of innovation and development of generative AI solutions for clients. Persistent is a long-standing AWS Partner and has a proven track record of early scale generative AI adoption across multiple industry verticals leveraging services like Amazon CodeWhisperer and Amazon Bedrock. Amazon CodeWhisperer provides generative AI-powered code recommendations directly in multiple integrated development environments (IDEs) to help developers build applications quickly in more than 15 coding languages; Amazon Bedrock is a fully managed service that makes foundation models (FMs) from leading AI companies accessible via an API to build and scale generative AI applications.

This strategic collaboration with AWS will help Persistent to further increase the impact it delivers to its clients that are embracing generative AI. Through this teaming, Persistent will have access to additional resources from AWS to build proofs of concept to help clients identify tangible business outcomes from generative AI. This will also support use case discovery and rapid build out of solutions with additional go-to-market funds from AWS. One of the key benefits to combined clients will be continued early access to AWS’s generative AI services and investments that will help clients with their aspirations around growth, time-to-market, and better customer experience.