Syntel, Inc. (SYNT) Tops Q4 EPS by 11c, Beats on Revenues; Offers FY18 In-Line EPS Outlook, FY18 Revenue Mid-Point View Above Consensus

Syntel, Inc. (NASDAQ: SYNT) reported Q4 EPS of $0.55, $0.11 better than the analyst estimate of $0.44. Revenue for the quarter came in at $245.3 million versus the consensus estimate of $226.27 million.

Highlights:

• Q1 revenue of $245.3M, up 9% from year-ago quarter, and 2% sequentially
• Q1 EPS of $0.55 per diluted share as compared to $0.46 in the year-ago quarter and $0.51 in the fourth quarter 2017
• Q1 2018 cash & short term investments
• Global Headcount of 22,571 on March 31, 2018, versus 22,795 in the year-ago quarter

2018 Guidance

Based on current visibility levels and an exchange rate assumption of 65 Indian rupees to the dollar, the Company currently expects 2018 revenue of $920 million to $960 million and EPS in the range of $1.76 to $1.96.

GUIDANCE:

Syntel, Inc. sees FY2018 EPS of $1.76-$1.96, versus the consensus of $1.86. Syntel, Inc. sees FY2018 revenue of $920-960 million, versus the consensus of $929.2 million.

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

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