In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that Persistent Systems Limited has been awarded a multi-year engagement by a leading US based multi-cloud Enterprise software company ('Client').<BR> <BR> As part of the engagement, Persistent Systems will set up a Global Technology Center (GTC) in India which will complement the Client's product engineering roadmap. The GTC will provide product development, product engineering, customer support and related services to support the Client's products for its global clientele. The engagement is for a period of five years with estimated revenues of US$ 50 million over five years.
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