Syntel (Nasdaq:SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions spanning the entire lifecycle of business and information systems and processes. Syntel leverages dedicated Centers of Excellence, a flexible Global Delivery Model, and a strong track record of building collaborative client partnerships to create sustainable business advantage for Global 2000 organizations. Recently named one of the "50 Best Managed Global Outsourcing Vendors" by The Black Book of Outsourcing, Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of June 30, 2010, Syntel employed more than 14,900 people worldwide.
Financial Highlights:
•Q2 revenue of $130.6M, up 31% from year-ago quarter and 13% percent sequentially
•Q2 Net income of $28.3M
•Q2 EPS of $0.68 per diluted share, up 11% from year-ago quarter and up 13% sequentially
•Q2 cash & short term investments of $221.5M
•Global Headcount of 14,926 as of June 30, 2010
2010 Guidance
Based on current visibility levels and an exchange rate assumption of 46.5 rupees to the dollar, the Company currently expects 2010 revenue of $510 to $522 million and EPS in the range of $2.50 to $2.60.
http://files.shareholder.com/downloads/SYNT/970256756x0x388748/ac8a3e47-4105-4abb-bf2a-cb8810f1eacb/SYNT_News_2010_7_22_Earnings.pdf