Pune: Persistent Systems announced its achievement of the [ICRA]AA+ (Stable) credit rating from ICRA Limited. This rating highlights Persistent’s financial resilience, operational excellence, and business stability, while reinforcing stakeholder trust.
ICRA, a premier Indian credit rating agency, evaluates businesses through a rigorous analysis of financial performance, leadership discussions, and market trends. The AA+ (Stable) rating acknowledges Persistent’s robust financial fundamentals, steady revenue growth, and diversified business portfolio.
Key Factors Driving the Rating:
Experienced Leadership and Client Diversity: Persistent’s leadership team has demonstrated a consistent track record of operational success, backed by well-established relationships with clients across multiple industries.
Steady Revenue Growth: The company’s healthy order book and diversified deals across sectors ensure revenue visibility and stability.
Financial Resilience: With strong cash flow generation and a stable capital structure, Persistent is well-equipped to maintain growth and adapt to future opportunities.
Strategic Advantage for Enterprise Engagements:
The AA+ (Stable) rating enhances Persistent's credibility in securing large-scale contracts. For enterprise clients prioritizing financial stability, this recognition reaffirms the company’s ability to deliver reliable solutions while maintaining operational excellence.
Sandeep Kalra, CEO and Executive Director of Persistent Systems, commented, “We are honored to receive the [ICRA]AA+ (Stable) rating, a testament to our robust financial health, disciplined execution, and commitment to excellence. This recognition underscores the trust of our clients, shareholders, and employees. We remain focused on sustaining our growth momentum, driving innovation, and delivering long-term value to all stakeholders.”
