Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. 4QFY16: Revenue share from product engineering and platform solutions business (71.8%) & the IP -led business (28.2%). The company has domain expertise in Infrastructure and Systems (55.7%), Telecom (13.5%) and Life Sciences (12.4%), Financial Services (18.4%) verticals. Company has strong workforce of 9,264 employees. The company's business is spread across North America (86.1%), Europe (6.7%) and RoW (7.2%). Company earns revenue from global delivery centers (26.3%), India (45.5%) and IP Led (28.2%). Total active...