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© Copyright 2012

Syntel announced its Q4 and full year 2009 financial results

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 is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified.

Highlights – Fourth Quarter 2009

  • Q4 revenue increased to $117.8M, up 12% from year-ago quarter and 12% sequentially
  • Q4 EPS of $0.86 per diluted share, up 34% from year-ago quarter and 18% sequentially
  • Net income for the fourth quarter was $35.8 million or $0.86 per diluted share, compared to $26.7 million or $0.64 per diluted share in the prior-year period
 Highlights – Full Year 2009
  • Revenue for 2009 increased two percent to $419.0 million, from $410.4 million in 2008.
  • Net income for the year was $118.5 million, or $2.86 per diluted share compared to $86.7 million or $2.10 per diluted share in 2008.
  • Net income rose 36.7 percent for the full year and associated earnings per share rose 36.2 percent.
  • The Company added 22 new clients during the year and ended 2009 with 12,567 employees globally.
 2010 GuidanceThe Company is providing the following guidance:
  • The Company is providing 2010 guidance of $430 to $460 million in revenue
  • EPS in the range of $2.15 to $2.45

 http://investor.shareholder.com/syntel/360/releasedetail.cfm?ReleaseID=444336 

 

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Posted by Guru's Pick on Monday, April 12, 2010 2:20 AM
     
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