Syntel Q4 net up 33%

Nasdaq-listed Syntel, which has majority of its employees based out of India, has posted a 32.86 per cent rise in net income at $66.3 million in the fourth quarter ended December 31. The company had posted a net income of $49.9 million in the prior-year period. The information technology services and knowledge process outsourcing company’s revenues during the quarter under review rose 19 per cent to $223.3 million ($187.8 million).