Persistent Systems Announces Strategic Leadership Shift: Jaideep Dhok Elevated to COO-Technology

2 min read     Updated on 07 Aug 2025, 05:54 PM
scanxBy ScanX News Team
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Overview

Persistent Systems has announced significant leadership changes. Dhanashree Bhat, COO and SMP, will step down on August 11, 2025. Jaideep Dhok has been promoted to COO-Technology, effective August 12, 2025. Dhok, with 23 years of experience, will oversee delivery excellence, talent management, learning and development, and partnerships. CFO Vinit Teredesai's role expands to include IT and ESG responsibilities. These changes aim to scale growth momentum and enhance operational excellence, focusing on AI-led and platform-driven strategies.

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*this image is generated using AI for illustrative purposes only.

Persistent Systems , a global leader in Digital Engineering and Enterprise Modernization, has announced significant changes to its leadership team, aimed at scaling its growth momentum and enhancing operational excellence.

Key Leadership Changes

Dhanashree Bhat, the current Chief Operating Officer and Senior Management Personnel (SMP), has decided to step down from her position, effective August 11, 2025. Bhat's departure is attributed to personal reasons and her pursuit of external career opportunities. The company has expressed gratitude for her valuable contributions to strengthening Persistent's operational and people-focused capabilities.

In a strategic move, Persistent Systems has elevated Jaideep Dhok to the position of Chief Operating Officer - Technology, effective August 12, 2025. This appointment underscores the company's focus on seamless execution and long-term transformation priorities.

Jaideep Dhok's Profile and New Responsibilities

Jaideep Dhok brings a wealth of experience to his new role:

  • Over 23 years of experience across horizontal technologies and the Banking, Financial Services, and Insurance (BFSI) industry
  • 14+ years at Persistent Systems, leading major transformation programs and expanding the BFSI segment
  • Previously served as Senior Vice President for BFSI
  • Currently leads the APAC region and is a key contributor to the company's AI strategy

In his new capacity as COO-Technology, Dhok will oversee:

  • Delivery Excellence
  • Talent Acquisition and Management
  • Learning and Development
  • Alliances and Partnerships

Additional Organizational Changes

As part of this transition, Vinit Teredesai, Persistent's Chief Financial Officer and Executive Director, will expand his responsibilities. In addition to his current roles overseeing Corporate Finance, Treasury, Financial Reporting, Taxation, Enterprise Risk Management, and Investor Relations, Teredesai will now also be responsible for IT and ESG (Environmental, Social, and Governance) initiatives.

Management's Perspective

Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent Systems, commented on the reorganization:

"We are pleased to welcome Jaideep to his new role as Chief Operating Officer – Technology. His strong technology background, coupled with execution focus and deep understanding of our business, will help us scale with agility as we look to pivot our Company on the AI-led, platform-driven strategy."

Company Outlook

With these strategic leadership changes, Persistent Systems aims to strengthen its position in the market and continue delivering value to all stakeholders. The company remains committed to executing its strategic priorities, with a particular focus on AI-led and platform-driven solutions across industries.

Persistent Systems, with over 25,000 employees across 18 countries, continues to be a significant player in the IT services sector, offering a comprehensive suite of services including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation.

As the company navigates these leadership transitions, it remains poised to leverage its strengths in innovation and client success, further solidifying its position in the global digital engineering and enterprise modernization landscape.

Historical Stock Returns for Persistent Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-1.49%+0.87%-11.73%-14.82%+10.71%+935.70%
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Persistent Systems Shares Plunge 8% on Disappointing Q4 Results

1 min read     Updated on 06 Aug 2025, 06:01 AM
scanxBy ScanX News Team
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Overview

Persistent Systems' shares fell nearly 8% after Q4 results missed analyst expectations. Revenue growth decelerated to 3.9% sequentially, reaching $389.70 million. The healthcare division saw a 2.2% decline. Net profit increased by 7.4% QoQ to ₹424.90 crore, while operating margin slightly decreased. The company faces slower client decision-making and has deferred salary increases. Analysts have mixed views, with Emkay Global cutting earnings estimates and Motilal Oswal maintaining a 'buy' rating.

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*this image is generated using AI for illustrative purposes only.

Persistent Systems , a prominent player in the IT services sector, saw its shares tumble nearly 8% following the release of its quarterly results that fell short of analyst expectations. The company's performance indicators revealed a slowdown in growth and raised concerns among investors.

Revenue Growth Deceleration

Persistent Systems reported a deceleration in its sequential revenue growth in dollar terms, which stood at 3.9% compared to 5.6% in the same quarter of the previous year. The company's revenue reached $389.70 million for the quarter.

Healthcare Division Struggles

The healthcare division, which contributes over 25% of the company's revenue, experienced a setback with a 2.2% sequential decline, bringing in $98.50 million. This downturn was attributed to planned onsite-to-offshore work transfers and project delays.

Financial Highlights

Metric Value Change
Revenue (₹ crore) 3,333.60 +2.8% (QoQ)
Net Profit (₹ crore) 424.90 +7.4% (QoQ)
Operating Margin 15.5% -10 bps
Order Book ($ million) 520.80 +12.5% (YoY), Flat (QoQ)

Operational Challenges and Strategies

Persistent Systems is facing slower client decision-making processes, although the company reported no pricing pressure. To address these challenges, the company has implemented the following measures:

  • Deferred employee salary increases by one quarter
  • Set a target of 100 basis points margin improvement for FY26

Analyst Perspectives

  • Emkay Global: Cut earnings estimates by 2% for FY26-28 and maintained a 'reduce' rating, citing rich valuation.
  • Motilal Oswal: Reiterated a 'buy' call with a target price of ₹6,800.

Market Response

The stock traded at ₹5,169.00, reflecting investor concerns about the company's growth trajectory and valuation.

Persistent Systems' management remains focused on navigating the current market conditions and improving operational efficiency. However, the company's ability to accelerate growth and meet analyst expectations in the coming quarters will be crucial for restoring investor confidence.

Historical Stock Returns for Persistent Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-1.49%+0.87%-11.73%-14.82%+10.71%+935.70%
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