Persistent Systems ltd. (PSYS) is engaged in the business of building software products and works with the software product companies like IBM and Mircrosoft. Company operates through four business verticals with Service business accounts 47% of total revenue, following digital 14%, Accelerite 9% and Alliances 30%. PSYS revenue is segregated into linear revenue and nonlinear revenue with linear revenue based on person/hr basis and non-linear revenue based on solutions. PSYS is somewhat insulated from IT spending slowdown as 35% is non-linear...