Shares of Persistent Systems jumped by more than 5% to ₹6,211 per share on January 15, 2025, following the company's announcement of launching ContractAssIst, an AI-powered contract management solution. Developed in collaboration with Microsoft, this innovative platform harnesses the power of Microsoft's technology ecosystem, including Azure AI, to revolutionise contract management processes.
How ContractAssIst will transform contract management
ContractAssIst integrates seamlessly with Microsoft 365 Copilot and Microsoft Teams, providing real-time collaboration tools alongside AI-driven decision-making support. Leveraging advanced models like GPT-3.5 and GPT-4 through Azure OpenAI Service, the solution enhances contract analysis using natural language processing, ensuring improved data handling and compliance.
Persistent's CEO, Sandeep Kalra, emphasised how this AI-driven approach addresses complex enterprise challenges with practical, scalable solutions. The partnership with Microsoft showcases a shared commitment to driving AI adoption and delivering measurable efficiencies for clients.
Strong performance fuels positive investor sentiment
Persistent Systems' impressive performance has also caught the attention of investors. Over the past three months, the company's shares have surged by 8%, outpacing the benchmark Nifty 50's 4% decline. With share market investment on the rise, analysts are optimistic about Persistent's continued growth, particularly with expectations for strong Q3 results. Analysts forecast a 22% YoY increase in net sales, reaching ₹3,044 crore, and adjusted profit rising by 24% YoY to ₹355 crore. The expected EBIT growth of 22.6% YoY further bolsters the company's positive outlook.
Summing up
Shares of Persistent Systems rose by over 5% to ₹6,211 per share on January 15, 2025, following the launch of ContractAssIst, an AI-powered contract management solution developed in partnership with Microsoft. This marks a significant milestone for Persistent, positioning the company as a leader in AI-driven solutions for contract management.
At 1:55 PM, the company's strong performance in the share market investment reflected the success of this innovation. Persistent's strategic collaboration with Microsoft is proving fruitful, enhancing the company's growth prospects. The launch of ContractAssIst is set to drive continued success, attracting positive attention from investors. As the company expands its AI-driven offerings, it remains well-positioned for growth in the upcoming quarter.
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