Syntel, Inc. (SYNT) Tops Q3 EPS by 16c, Beats on Revenues; FY17 EPS/Revenue Guidance Above Consensus

Syntel, Inc. (NASDAQ: SYNT) reported Q3 EPS of $0.58, $0.16 better than the analyst estimate of $0.42. Revenue for the quarter came in at $231.3 million versus the consensus estimate of $217.46 million.

2017 Guidance

Based on current visibility levels and an exchange rate assumption of 65.0 Indian rupees to the dollar, the Company currently expects 2017 revenue of $890 million to $902 million and EPS in the range of $1.81 to $1.88.

GUIDANCE:

Syntel, Inc. sees FY2017 EPS of $1.81-$1.88, versus the consensus of $1.72. Syntel, Inc. sees FY2017 revenue of $890-902 million, versus the consensus of $883.36 million.

Highlights:

Q3 revenue of $231.3M, down 4% from year-ago quarter and up 2% sequentially
Q3 EPS of $0.58 per diluted share, as compared to a loss of $2.58 in the year-ago quarter and EPS of $0.44 in the prior quarter.
Q3 cash & short term investments of $109M
Global Headcount of 21,928 on September 30, 2017, versus 23,055 in the year-ago quarter

For earnings history and earnings-related data on Syntel, Inc. (SYNT) click here.

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