Companies

Syntel revenues up 19% at $223 mn in December quarter

Our Bureau Bangalore | Updated on February 19, 2014 Published on February 19, 2014

Nasdaq-listed Syntel has reported a 19 per cent increase in revenues for the December quarter at $223.3 million, compared to $187.8 million in the previous corresponding period.

The increase in revenues was 6 per cent on a sequential basis, the company said. Net income for the fourth quarter was $66.3 million compared to $49.9 million in the prior-year period, the company said.

Further, during the fourth quarter, growth was primarily led by Applications Outsourcing that accounted for 78 per cent of total revenue, while Knowledge Process Outsourcing (KPO) contributed 15 per cent. 

For 2014, based on current visibility and an exchange rate assumption of 62 rupees to the dollar, the company expects to clock revenues in the range of $910 to $940 million.

Published on February 19, 2014
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