Syntel records $100m quarterly revenue

Syntel records $100m quarterly revenue

The KPO major has seen a Q2 revenue increase of 29 percent to $103.4 million (Rs. 444.6 crores) over Q2, 2007

Tuesday, July 29, 2008

During the second quarter, Syntel added 5 new clients and one new "Hunting License" or preferred partnership agreement, bringing the total number to 90 strategic relationships.

"While the timing of certain client spending decisions remains in question, several other operational trends continue to track favorably. These include key supply-side metrics, currency, pricing and the sales pipeline. Our focus is on leveraging our client base, strategic investments and market position to help drive top line acceleration which remains unchanged. Syntel is proud to be named on the list of Standard & Poor's Inc, which includes only 13 US Information Technology Companies among 73 companies based in the United States that made its annual Global Challengers list. This list released Wednesday of mid-sized companies that show the 'highest growth characteristics included Syntel” said Keshav.

©CIOL Bureau

<<PREVIOUS

Would you like to Comment on this Article?