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Syntel, Inc. (SYNT)

  • Apr. 12, 2013, 8:12 AM
    Tech outsourcing stocks are on watch after a stark revenue warning from Infosys rattles the sector. Cognizant Technology Solutions (CTSH) is down 4.8% premarket, while iGATE (IGTE) and Syntel (SYNT) haven't opened up yet for trading.
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  • Apr. 13, 2012, 10:09 AM
    Infosys (INFY -13.5%) is plunging after delivering a weak FQ4 report, and is taking other IT outsourcing names down with it: WIT -3.7%. CTSH -2.8%. SYNT -2%. ACN -1.5%. HPQ -2%. Also hurting is Infosys' guidance for FY13 revenue of $7.55B-$7.69B and EPS of $3.12-$3.17 (consensus is for $7.96B and $3.25). "The year ahead looks challenging for the IT services industry," says the company's CEO. Are cloud services part of the problem?
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  • Feb. 16, 2012, 2:36 PM
    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.
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  • Oct. 17, 2011, 1:31 PM
    Syntel (SYNT -2.9%) trades lower after releasing its preliminary Q3 and FY11 sales numbers. Despite beating current estimates, it says FY11 EPS will come in below expectations due to a one-time, non-recurring charge to earnings to resolve arbitration claims with a former client.
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Company Description
Syntel Inc along with its subsidiaries is engaged in providing digital transformation, information technology, and knowledge process outsourcing services. Its services include programming, systems integration, outsourcing and overall project management.