Syntel, Inc. (SYNT) Tops Q1 EPS by 5c, Revenues Beat

Syntel, Inc. (NASDAQ: SYNT) reported Q1 EPS of $0.49, $0.05 better than the analyst estimate of $0.44. Revenue for the quarter came in at $249.7 million versus the consensus estimate of $233.13 million.

• Q2 revenue of $249.7M, up 10% from year-ago quarter, and 2% sequentially
• Q2 EPS of $0.49 per diluted share as compared to $0.44 in the year-ago quarter and $0.55 in the first quarter 2018
• Q2 2018 cash & short term investments of $127.8M
• Global Headcount of 23,476 on June 30, 2018, versus 21,850 in the year-ago quarter

Operational Highlights

"I am pleased with our Q2 results," said Syntel CEO and President Rakesh Khanna. "Strong execution and our focus on building deep customer relationships drove growth across every industry segment."

"We saw robust demand for Syntel's next-generation digital solutions and automation-led services during Q2," said Khanna. "Our long-standing collaboration with customers guides the investments we make in critical services and capabilities. Across our organization, there is a commitment to helping our clients transform, compete and thrive in the digital economy.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SanDisk upgraded at JPMorgan after investor day; shares climb
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c