Persistent Systems launches emerging technology CoE in Kolkata

Pune-headquartered digital engineering firm Persistent Systems inaugurated a centre of excellence in Kolkata on Tuesday. The new CoE for emerging technologies and software engineering will ‘attract top-notch talent’ from West Bengal, Odisha, Bihar, Jharkhand, and North-Eastern states, the company said in a statement. The company has, however, not disclosed how many employees will be hired for the new facility.

The CoE will be developing software products and digital assets for clients to tap into emerging technologies. “Kolkata is India’s intellectual and cultural hub and is one of the fastest-growing IT centres in India. We are truly delighted to add this city to our existing network of global talent hotspots,” said Anand Deshpande, chairman and managing director, Persistent Systems.

Revealing the company’s strategy, Deshpande said, through our association with premier educational institutions, this new location will enable us to attract top talent and allow our existing team members in the region to work from the office, thereby bolstering our capabilities and further strengthening our culture

In November last year, the company launched an office in Indore, Madhya Pradesh. The 450-seat office is an addition to the company’s growing global delivery network, which would help its clients across industries in their business transformation journey.

Persistent Systems recently declared its financial earnings for the quarter ending June 30. The company reported a total income of ₹2,342.82 crore, up from ₹2,263.29 crore in the last quarter. The company clocked a net profit of ₹243.54 crore, down from ₹258.39 crore in the last quarter.

Last month, the company announced a partnership with Google Cloud to launch a suite of generative AI solutions. This partnership brings a six-week generative AI deployment acceleration program, based on Persistent Systems’ IP and Google Cloud’s Vertex AI platform, for customers to implement the technology efficiently.