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. The Company is driven by its mission to create new opportunities for clients by harnessing the passion, talent and innovation of Syntel employees worldwide. 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. Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of September 30, 2010, Syntel employed more than 16,200 people worldwide.
Highlights:
- Q3 revenue of $140.5M, up 34% from year-ago quarter and 8% percent sequentially
- Q3 EPS of $0.73 per diluted share, flat with year-ago quarter and up 8% sequentially
- Q3 cash & short-term investments of $262.0M
- Global Headcount of 16,288 as of September 30, 2010
2010 Guidance
Based on current visibility levels and an exchange rate assumption of 44.4 rupees to the dollar, the Company currently expects 2010 revenue of $532 to $535 million and EPS in the range of $2.65 to $2.69.
http://files.shareholder.com/downloads/SYNT/1038206825x0x413223/01be243c-0186-4b40-840e-bff43c552f40/SYNT_News_2010_10_28_Earnings.pdf