Syntel (SYNT) Cuts FY12 Outlook; Cites Reduced Customer Spending

December 4, 2012 8:32 AM EST
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Syntel, Inc. (NASDAQ: SYNT) announced that the Company is revising its 2012 guidance.

One of Syntel's customers recently informed Syntel that it will be temporarily reducing spending for the remainder of 2012 only. As a result, Syntel is revising its full-year guidance for 2012. The Company currently expects revenue in the range of $720 to $722 million and EPS between $4.26 and $4.29 for the full-year 2012.

Currently, the Street sees FY12 revs of $731.9 million and EPS of $4.39.

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