24th April 2024 – According to Sandeep Kalra, CEO of Persistent Systems, “As we move forward and the market conditions stabilize, that will give us the opportunity to have the leverage of all the investments we have done, whether they are in increased sales and marketing investments, or next-generation technologies like generative AI, and that should help us take the margin up.”
Our goal to increase the margins by 200 to 300 basis points over the next two to three years remains unchanged.
Are you being cautious, or what are the obstacles? Sandeep Kalra: What we are saying, from a margin standpoint, is this. It is necessary to consider the margin in light of the revenue increase we achieve.
Conclusion
Given the current macroeconomic conditions, we are prioritizing growth with similar margins if the demand environment remains challenging, as we see it as of this writing, similar to last year. As we move forward and the market conditions stabilize, we will have the opportunity to leverage all of the investments we have made, including increased sales and marketing expenditures and investments in next-generation technologies like generative AI, which should help us sustainably raise
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