New Delhi, Aug. 5 -- Persistent Systems has decided to skip campus recruitment for FY27 and prioritise lateral hiring to better align its workforce with evolving client demand, particularly in artificial intelligence (AI), Moneycontrol reported. The IT services company reported a 13.7% year-on-year rise in consolidated net profit to Rs.483.04 crore for the April-June quarter.

"We have been hiring, but this is not campus hiring. We are hiring laterals in line with our demand because we want to train people who have the basic skills in AI," CEO Sandeep Kalra told Moneycontrol.

The company said customers continue to remain cautious with discretionary technology spending, even as investments in AI gather pace.

"Customers have continued to ...