Persistent Systems Signs $650M+ Cloud Services Deal

Persistent Systems Ltd has entered into a six-and-a-half-year strategic services agreement with a global technology leader headquartered in the United States. The deal, valued at over USD 650 million (with an annual contract value exceeding USD 125 million), focuses on expanding Persistent's presence in North America, Europe, and Asia Pacific. The agreement encompasses end-to-end operations, management, and support for a portfolio of enterprise cloud services, leveraging Persistent's AI-driven platforms for innovative solutions. This engagement is expected to strengthen the company's business capabilities and drive long-term strategic benefits for both parties. The company confirmed the agreement is in the ordinary course of business and does not constitute a related party transaction.