Mumbai: Syntel, a global information
technology services and Knowledge Process Outsourcing (KPO)
firm, on Friday said it is the top-ranked IT outsourcing company
on Forbes Magazine's '200 Best Small Companies' list for 2009.
Syntel jumped more than 60 spots on this year's list,
which ranks the fastest-growing companies in America with
annual revenues between USD 5 million and USD 750 million, a
company statement said here.
In order to be named one of Forbes' '200 Best Small
Companies,' firms are evaluated based on a number of criteria,
including sales, profit, and earnings-per-share (EPS) growth
rates, return on equity and stock price.
Syntel, which has been named to the list for three
consecutive years, jumped more than 60 spots to rank 27th
overall. Syntel's ascent was attributable to strong growth in
EPS and return on equity, as well as stock performance that
ranked in the top 10 relative to the industry, it said.
"Our performance over the last year has been very
strong despite a difficult economic environment. We will
continue to focus on our core strengths of delivering
flexible, innovative solutions to help our customers increase
efficiency and maximise their technology investments," Syntel
CEO and President Keshav Murugesh said.
Bureau Report
First Published: Friday, November 13, 2009, 20:05