Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. Revenue from business offering mix: Services (81.9%) & IP led business (18.1%). The company has industry expertise in ISV (41.7%), Enterprise (42%) and IP Led (16.3%). The company's business is spread across North America (81.1%), Europe (8.8%), and RoW (10.1%).Company earns revenue from global delivery centers (30.5%), India (51.4%) and IP Led (18.1%). Total active clients stood at 1000+ including services and IP led business. Company's top client accounts 18.5% in revenues, top 5 (37.8%) and top 10 (47%)....