Persistent Systems had said that it will hit USD 1 billion mark by FY24-FY25, but the company is now hopeful of doing it faster than that, said Sandeep Kalra, Chief Executive Officer and Executive Director of the company.

Kalra expects growth to remain robust in Q4FY22 and in FY23. According to him, the demand environment is healthy. “Macroeconomic environment remaining the same, the demand environment should pan out well for us”, he said.

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On the margin front, Persistent expects to stay in a tight range of 16-17 percent for now. “Our aspiration over the next two-three years is to go up by 2-3 percent whether by EBITDA level or by EBIT level,” he said.

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