Homegrown technology services company Persistent Systems on Friday reported a net profit of ₹120.9 crore, up 37.5% year on year (y-o-y) for the quarter ended 31 December 2020. In terms of geographical location, North America remains the biggest market for the company with market share of 81%. Europe replaced India as the second biggest market, accounting for 8.8% of revenue as compared to 7.6% in September quarter. India’s market share grew from 8.1% in Sep quarter to 8.6% in December quarter. “Our biggest market obviously will tend to be North America.

Source: Mint January 29, 2021 12:11 UTC