Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. 3QFY17: Revenue share from Services business (71.6%) & the IP -led business (28.4%). The company has domain expertise in ISV (42.5%), Enterprise (29.1%) and IP Led (28.4%). Company has strong workforce of 9,389 employees. The company's business is spread across North America (86.6%), Europe (5.3%) and RoW (8.1%). Company earns revenue from global delivery centers (26.7% ), India (44.9%) and IP Led (28.4%). Total active clients stood at 654 including services and IP led business. Company's top client accounts 29.5% in...