Persistent expects $1 billion revenue, aims to focus on acquisition

Persistent Systems said that it is expecting USD 1 billion in revenue and will be focusing on acquisition to achieve the target.

Anand Deshpande, Persistent Chairman and Managing Director said that “Along with our recently-closed acquisition, our run rate (revenue) is around USD 361 million a year and we are sticking to the target of USD 1 billion, which is natural aspiration for a company of our size.”

He further said that “It is tough to give the time frame. After achieving the billion dollar revenue mark, we will aspire for the next step, which will be USD 2 billion in revenues.”

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