Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.