Sector: IT /Mid-Cap | Earnings Update 4QFY19 Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. 4QFY19: Revenue from business offering mix: Services (78.4%) & IP led business (21.6%). The company has industry expertise in ISV (41.2%), Enterprise (37.2%) and IP Led (21.6%). Company has strong workforce of 9,962 employees. The company's business is spread across North America (80.9%), Europe (7.9%), and RoW (11.2%).Company earns revenue from global delivery centers (31.4%), India (47%) and IP Led (21.6%). Total active clients stood at 605 including services and IP led business. Company's top client accounts 20.2% in...