Established in 1990, Persistent Systems is recognized as an award-winning technology company specializing in software product development services. With 5,400+ employees, Persistent Systems has delivered over 3,000 software product releases in their last five years and has 290+ customers..For the third quarter ended December 31, the company registered net profit of Rs 37 crore, up 23.33 per cent from Rs 30 crore in Q3 FY'10.Its Q3 net sales were Rs 152.3 crore, as against Rs 129.7 crore in the third quarter of 2009-10, up 17.42 percent. For the nine months ending December, the company's revenue was Rs 563 crore. Almost 90% of its business comes from overseas clientele.