# Synechron continues to shine with expected record revenue growth of 28% amounting to $405m in the financial year 2016-17 Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-01-19 Category: BUSINESS Category URL: https://financedigest.com/category/business Meta Title: Synechron Sets Revenue Target of $500M in Next 12 Months Meta Description: Synechron sets revenue target of $1bn by 2020 after 28% YOY increase and 15 years of innovation. Celebrates Financial Innovation Labs in global locations. URL: https://financedigest.com/synechron-continues-to-shine-with-expected-record-revenue-growth-of-28-amounting-to-405m-in-the-financial-year-2016-17html ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/businessman-hand-shows-pixe-1736844261957-compressed.jpg) • Digital, business consulting and technology services provider sets revenue target of $500m in next 12 months and $1bn by 2020 • Celebrates 15 years of entrepreneurship and innovation with Financial Innovation Labs open in London, Amsterdam, Dubai, Pune and Bangalore Synechron the digital, business consulting and technology services provider, has today provided guidance for the financial year 2016-17, expecting global revenues of $405m, expanding to 18 global offices and growing to over 6,600 employees. The 28% YOY increase is the highest in the last 5 years, and following this achievement, Synechron has set a revenue target of $500M in the next 12 months and $1bn by 2020 as it continues to make inroads and gain market-share in the [digital and innovation](https://www.financedigest.com/the-hemoglobinopathy-market-to-get-digitally-innovative.html "The Hemoglobinopathy Market to get digitally innovative") spaces. Since 2015, Synechron opened seven new offices globally taking its total to 18 worldwide and allowing the Company to be a leader on global regulatory and [technology changes for the world’s leading financial services firms](https://www.financedigest.com/financial-firms-can-use-technology-combat-todays-cybercriminals.html "How financial firms can use technology to combat today’s cybercriminals"). The company’s [growth has been achieved both organically and through the acquisition of six specialist businesses](https://www.financedigest.com/2016-the-year-of-technology-financing-the-year-of-business-growth.html "2016 – THE YEAR OF TECHNOLOGY FINANCING, THE YEAR OF BUSINESS GROWTH") since early 2013 to enable the firm to offer an end-to-end business solution that combines consulting, digital design and technological innovation – the ‘Power of 3’ strategy that underpins Synechron’s business model.\[1\] Moreover, Synechron continues to be self-funded with no [private equity](https://www.financedigest.com/private-equity-resilience-leads-to-opportunity.html "Private Equity – Resilience Leads to Opportunity") / VC or long-term debt on its books. With 6,600 employees globally as of December 2016, a year-on-year increase of 1,800 staff, Synechron is continuing to attract and recruit specialized talent to further enable its consulting, technology and digital capabilities in its [key markets:](https://www.financedigest.com/rowing-boats-market-key-players-industry-overview-applications-and-analysis-2029.html "Rowing Boats Market Key Players, Industry Overview, Applications and Analysis 2029") U.S., U.K., Europe, UAE, India and Singapore. Faisal Husain, Co-founder & CEO of Synechron, said: “2016 was a fantastic year of [growth and opportunity](https://www.financedigest.com/aluminum-cans-market-tremendous-growth-opportunity-trends-with-key-players.html "Aluminum Cans Market Tremendous Growth, Opportunity, Trends With Key Players") for Synechron, and given our strong pipeline will continue throughout this year. Our unique ability to offer [clients an end-to-end service has contributed heavily to our success](https://www.financedigest.com/white-bullet-appoints-stuart-dickinson-as-director-of-advertising-operations-and-client-success.html "White Bullet appoints Stuart Dickinson as Director of Advertising Operations and Client Success") and is why we are punching above our weight and winning deals that ordinarily would go to the big four. Core [values of entrepreneurship and innovation](https://www.financedigest.com/how-innovations-in-edge-computing-can-unlock-value-for-global-organisations.html "How innovations in edge computing can unlock value for global organisations") combined with the pragmatism and expertise of our consulting arm have enabled us to deliver this model successfully, and our revenue target of $1bn by 2020 reflects the confidence we have, and stability that underpins our growth. In 2016 we were able to successfully diversify our client base and geographical revenue lines to enable our business with a sustainable [growth strategy](https://www.financedigest.com/camphor-market-in-depth-analysis-growth-strategies-and-comprehensive-forecast-to-2030.html "Camphor Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030Camphor Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030"). I am confident we can maintain this momentum and believe 2017 will be another [record year](https://www.financedigest.com/uk-inflation-hits-40-year-record-highest-in-g7.html "UK inflation hits 40-year record, highest in G7") for Synechron.” In addition to the record [revenue and employee growth](https://www.financedigest.com/blood-bag-tube-sealer-market-to-witness-excellent-revenue-growth-overview-emerging-trends-and-forecast-by-2028.html "Blood Bag Tube Sealer Market to Witness Excellent Revenue Growth, Overview, Emerging Trends and Forecast by 2028"), Synechron has strengthened its reputation as a global leader in digital transformation. The Company launched four new Financial [Innovation](https://www.financedigest.com/open-finance-can-help-unlock-innovation-across-the-financial-ecosystem.html "Open Finance can help unlock innovation across the financial ecosystem") labs (FinLabs) in London; Amsterdam; Pune & Bangalore in 2016. Synechron’sFinLabs allow businesses to get hands-on experience with cutting-edge technologies such as blockchain, [Artificial Intelligence](https://www.financedigest.com/types-of-artificial-intelligence.html "Artificial Intelligence") (AI), voice recognition and drones. This brings the total number of FinLabs to five, and Synechron will open its flagship FinLab in New [York later this year](https://www.financedigest.com/london-takes-aim-at-new-york-with-five-year-financial-plan.html "London takes aim at New York with five-year financial plan") along with additional locations in Charlotte, NC, Ft Lauderdale, FL, and Hyderabad in India. In September 2016, as a product of FinLabs, Synechron launched six Blockchain Accelerators and a 50-person team across New York, London, Amsterdam, Dubai and Bangalore to [advance blockchain innovation](https://www.financedigest.com/the-advanced-computed-tomography-scanners-market-to-have-growth-devised-on-innovation.html "The Advanced Computed Tomography Scanners Market to have growth devised on innovation"). The initiative received an ACORD innovation award and was nominated for a Mortgage [Strategy](https://www.financedigest.com/poly-p-phenylene-2-6-benzobisoxazole-pbo-market-future-innovation-strategies-growth-profit-analysis-forecast-by-2029.html "Poly-p-phenylene-2, 6-benzobisoxazole (PBO) Market: Future Innovation Strategies, Growth & Profit Analysis, Forecast By 2029") award for innovation. In 2017, Synechron will continue to innovate around Blockchain, AI and Machine learning in the financial services industry and is likely to continue to gain recognition for its thought leadership in [digital transformation](https://www.financedigest.com/why-digital-transformation-in-finance-is-crucial-for-post-lockdown-success.html "Why digital transformation in finance is crucial for post lockdown success"). Faisal Husain continued: “Financial institutions around the world are searching for [innovative solutions](https://www.financedigest.com/the-e-clinical-solution-market-to-stay-put-based-on-innovations.html "The E Clinical Solution Market To Stay Put Based On Innovations") to business problems, together with the ability to implement at an enterprise level. We allow our clients to see how they can combine our consulting, [technology and digital](https://www.financedigest.com/increasing-private-and-public-investment-in-digital-imaging-technology-particularly-in-the-field-of-healthcare.html "Increasing private and public investment in digital imaging technology particularly in the field of healthcare") capabilities to accelerate their business initiatives. This approach has been, and will be, integral to Synechron’s continued success.” --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---