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Persistent Systems expands in Europe, Open Office in Poland

05 December 20232 mins read by Angel One
Shares of this company gained over 30 % in the last six months.
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Persistent Systems recently inaugurated its first office in Poland to expand its nearshore capabilities in Europe. The office is situated in Kraków, this new office will be the latest addition to the company’s growing global delivery network. This delivery center will play a crucial role in driving digital transformation for clients across industries and provide local IT professionals ample opportunities to advance their careers by building cutting-edge software products and digital solutions.  

Persistent Systems plans to expand the engineering center with a wide variety of skills such as cloud and product engineering, data and analytics, as well as customer experience experts. The company aims to leverage these skills and build on its digital engineering expertise by recruiting skilled personnel in various roles from the country.  

The technology industry in Poland is thriving, given its central location in Europe, economic growth, start-up ecosystem and growing interest from hyperscalers who are establishing their operations in Poland.  

On Monday, the stock opened at Rs 4,919.95, with a high and low of Rs 5,051.00 and Rs 4,889.05 respectively. The stock closed at Rs 5,037.70, up 3.07%. The stock has a 52-week high of Rs 5,131.15 and a 52-week low of Rs 3,091.65.        

Technically, the stock has broken out from its 73-week cup and handle pattern supported by good volumes. Such a breakout is deemed positive over a medium-long term picture. The momentum oscillators also show strong upside momentum in the stock.

Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration. The company is having depth of experience in the focused areas of telecommunications, life sciences and infrastructure and systems. It has invested and plans to continuously invest in new technologies and frameworks in the areas of cloud computing, analytics, enterprise collaboration and enterprise mobility.

 

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