Syntel, Inc. (NASDAQ: SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced financial results for the fourth quarter and full year, ended December 31, 2009. Fourth Quarter Financial Highlights Syntel's revenue for the fourth quarter increased 12 percent to $117.8 million (Rs.549 crore), compared to $104.7 million (Rs. 488 crore) in the prior-year period, and also increased 12 percent sequentially from $104.7 million (Rs.488 crore) in the third quarter of 2009. Sequential revenue improvement was driven by broad-based growth across verticals and service offerings, and by approximately $6 million (Rs.28 crore) of short-term discretionary project work. During the fourth quarter, Applications Outsourcing accounted for 75 percent of total revenue, with Knowledge Process Outsourcing (KPO) at 17 percent, e-Business contributing five percent and TeamSourcing at three percent. |
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