Syntel Earnings: Here’s Why Investors are Happy Now

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 1.30%.

Syntel, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 3.25% to $1.19 in the quarter versus EPS of $1.01 in the year-earlier quarter.

Revenue: Rose 8.92% to $187.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Syntel, Inc. reported adjusted EPS income of $1.19 per share. By that measure, the company beat the mean analyst estimate of $1.04. It beat the average revenue estimate of $184.6 million.

Quoting Management: “Our fourth quarter results reflect solid execution in a rapidly evolving business environment,” said Syntel CEO and President Prashant Ranade. “While we faced some challenges this quarter, healthy growth in our recurring revenue businesses and improving business efficiency helped us navigate through them.”

Key Stats (on next page)…

Revenue increased 0.75% from $186.41 million in the previous quarter. EPS decreased 3.25% from $1.23 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.04 to a profit $1. For the current year, the average estimate has moved down from a profit of $4.39 to a profit of $4.29 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]