Syntel

CEO: Rakesh Khanna

Dec. 30, 2016: $19.79

March 31, 2017: $16.83

Change: -14.96%

Sytel, No. 38 on the CRN Solution Provider 500, began 2017 under new management. On Oct. 31 Syntel president and CEO Nitin Rakesh stepped down after two and a half years in the position and was replaced on an interim basis by Rakesh Khanna, the solution provider's chief operating officer.

For the first quarter ended March 31, Syntel reported revenue of $225.9 million, down 6.4 percent from $241.4 million in the first quarter of 2016. Net income for the quarter was $38.4 million, down nearly 28 percent from $53.1 million one year earlier.