Syntel posts 15% rise in Q3 profit

Nasdaq-listed Syntel, which has 80 per cent of its employees based in India, has posted a 15.33 per cent rise in net profit of $59.4 million for third quarter ended September 30. The company had posted a net profit of $51.5 million in the same period a year ago. Revenue for the third quarter rose 13 per cent to $209.9 million from $186.4 million, it said.