Cloud Computing/SaaS, Analytics, Enterprise Mobility and Enterprise Collaboration Services ..etc. This debt free ,cash rich IT player performing reasonably well even in tough times of IT sector. Company having offshore development centers in Pune, Nagpur, Goa and Hyderabad. Company’s customer list includes biggies like Microsoft and Oracle.About 50% of the total income of the company is generated from independent software vendors and 25% from telecom related sectors. One of the biggest advantage of this company is that ,it is earning more than 85% income from the services delivered from India. This is helping the company a lot at a time of visa rate hike ..etc by foreign countries.For the FY 2010 company posted a turnover of Rs.600 Cr and a net profit of Rs.115 Cr .On an equity base of Rs.40 Cr company posted an EPS of Rs.36. For the six month ended September 2010 ,Persistent posted a turnover of Rs.368 Cr and a net profit of Rs.70 Cr. At a time of revival in IT sector ,Persistent is one of the best companies available from this sector to include in your portfolio with a long term view .CMP is Rs.430/-
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