Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. 1QFY17: Revenue share from Services business (71.8%) & the IP -led business (28.2%). The company has domain expertise in ISV (45.4%), Enterprise (26.4%) and IP Led (28.2%). Company has strong workforce of 9,389 employees. The company's business is spread across North America (87%), Europe (5.2%) and RoW (2.4%). Company earns revenue from global delivery centers (26.3%), India (45.5%) and IP Led (28.2%). Total active clients stood at 678 including services and IP led business. Company's top client accounts 29.0% in revenues, top 5...