updated 9/7/2010 8:46:12 AM ET 2010-09-07T12:46:12

TROY, Mich., Sept. 7, 2010 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced it has been ranked by Dataquest as one of the top 50 IT companies worldwide.

Syntel was ranked #33 in the IT outsourcing rankings, based on a 37% jump in net income and earnings per share from 2008 to 2009.

The Company was also cited for its deep industry expertise, for converting many of its contracts from a "time & materials" basis to fixed-price engagements, and for its ability to deliver integrated, platform-based solutions for IT and KPO.

"We're extremely honored to be ranked by Dataquest," said Prashant Ranade, Syntel CEO and President. "In today's competitive business environment, clients are looking for a trusted partner that can deliver the edge they need to beat the competition. Syntel is exactly that type of partner with the speed, scale and flexibility to help clients contain costs, spur innovation and convert process improvements into business results."

This is the fourth straight year that Dataquest has named Syntel one of the top 50 IT providers.

About Dataquest

Referred to as the Bible of Indian IT, Dataquest has constantly endeavored to highlight the major issues faced by the industry and users, publishing in-depth analyses of market trends and fast changing technologies. As the pioneer and leader of IT media in India, the magazine has consistently kept track of new developments in the IT industry and the corresponding information needs of the corporate user. Visit dqindia.ciol.com.

About Syntel

Syntel (Nasdaq:SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions spanning the entire lifecycle of business and information systems and processes. The Company is driven by its mission to create new opportunities for clients by harnessing the passion, talent and innovation of Syntel employees worldwide. Syntel leverages dedicated Centers of Excellence, a flexible Global Delivery Model, and a strong track record of building collaborative client partnerships to create sustainable business advantage for Global 2000 organizations. Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of June 30, 2010, Syntel employed more than 14,900 people worldwide. To learn more, visit us at: www.syntelinc.com.

Safe Harbor Provision

This news release includes forward-looking statements, including those with respect to the future level of business for Syntel, Inc. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2010.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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