Syntel Earnings: Here’s Why Investors are Happy Now

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Syntel, Inc. (NASDAQ:SYNT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.65%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Syntel, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.27% to $1.11 in the quarter versus EPS of $0.98 in the year-earlier quarter.

Revenue: Rose 10.75% to $189.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Syntel, Inc. reported adjusted EPS income of $1.11 per share. By that measure, the company beat the mean analyst estimate of $1.03. It beat the average revenue estimate of $187.99 million.

Quoting Management: “I am pleased with our revenue performance in this seasonally weak quarter,” said Syntel CEO and President Prashant Ranade. “We are investing in our capabilities and growing our ranks with the aim of enhancing our market position while we pursue our long-term strategic initiatives.”

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business