IT outsourcing firm Syntel (SYNT +17.9%) takes off after delivering a strong Q4 beat, which is...

|By:, SA News Editor

IT outsourcing firm Syntel (SYNT +17.9%) takes off after delivering a strong Q4 beat, which is going over well with investors put on edge by soft guidance (I, II) from rivals INFY and CTSH. A 230 bps Q/Q gross margin increase helped boost earnings. For 2012, Syntel says it expects revenue of $720M-$750M and EPS of $3.10-$3.35, which compares with a consensus of $735M and $3.31.