Syntel revenue up 31% in Jan-March 2008

Syntel revenue up 31% in Jan-March 2008
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First Published: Thu, May 01 2008. 01 37 PM IST
Updated: Thu, May 01 2008. 01 37 PM IST
PTI
Chennai: Global provider of custom outsourcing solutions Syntel Inc has posted a 31% rise in revenue at Rs394 crore in the January-March quarter over the same period in 2007, a company press release said on 1 May.
The company has commenced construction of its 29 acre SEZ facility at Siruseri, Chennai.
In phase-1, it would construct 650,000 sq ft of space consisting of 3 software development blocks each having a capacity of 1,700 seats, a food court with 1,000 seating capacity, a training block of 1,200 seating capacity, a welcome block, a recreation block and a utility block.
Most of phase-1 was scheduled for completion by October this year, it said.
The construction of its 40-acre SEZ facility at Talawade, Pune was also in progress. In Phase 1, the company would construct 2 software development blocks each having a capacity of 1300 seats. This is scheduled for opening in June next.
With this, Syntel would add 6,000 new seats in India. Investments in these two campuses alone would be around Rs240 crore in 2008, the release said.
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First Published: Thu, May 01 2008. 01 37 PM IST