Syntel's revenue for the second quarter increased 13 percent to $202.5 million from $179.0 million in the prior-year period, and increased seven percent sequentially from $189.1 million in the first quarter of 2013.
Nitin Rakesh, President-Americas, Syntel Inc, says that high current account deficit (CAD) figures which recently came out have impacted the sentiments of the markets. Core growth has fallen sharply and it will scare many bullish voices in the market.
Nitin Rakesh, president, Americas - Syntel Inc says that the market is expecting measures to ensure fiscal discipline and the provision of a reform roadmap in the Budget.