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Persistent System Shares Gain 1% on Partnership with Google Cloud

The agreement will enable Google Cloud and Persistent to deliver market-leading solutions.

Shares of Persistent Systems Ltd were trading in the green and 1% higher on 11 June after the company signed a long-term partnership with Google Cloud to expand throughout the US, India, UK, and Australia.

In its regulatory filing, the company said, “This agreement focuses on driving joint go-to-market activities and accelerating digital transformation for enterprises globally.”

According to an exchange filing, the company intends to use Google Cloud’s Gemini models in addition to other Google technologies to develop industry-specific solutions that will speed the adoption of GenAI.

The filing added, “The agreement will enable Google Cloud and Persistent to deliver market-leading solutions that help enterprises maximise the ROI (return on investment) from their cloud investments while modernising their infrastructure and data stack.”

According to the press release, the digital engineering company would have a faster time to market since it would have more access to Google Cloud resources for innovative solution design.

The company claimed that in order to fortify its relationship with Google Cloud, it has invested heavily in both its go-to-market strategy and its people-reskilling initiative.

Sandeep Kalra, chief executive officer and executive director of Persistent Systems, said, “Our new Google Cloud strategic partnership agreement, combined with our industry-leading cloud practice and Google Cloud’s pioneering technologies, positions us to set new benchmarks for what can be achieved through cloud, data and analytics, and AI.”

Kevin Ichhpurani, corporate vice president of global ecosystem and channels, Google Cloud, stated that the partnership agreement would help these organisations accelerate their cloud- and AI-driven transformations by utilising cutting-edge technology from Google Cloud and thousands of specialised and certified experts from Persistent.

At 3:30 pm, the shares of Persistent Systems shed all its early gains and closed 0.31% lower at Rs 3,734 on NSE.

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