Syntel, Inc. (SYNT) Misses Q1 EPS by 20c; Trims FY15 Outlook

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Syntel Reports First Quarter 2015 Financial Results

April 23, 2015 8:30 AM EDT

Highlights:

Q1 revenue of $220.6M, up 1% from year-ago quarter, down 6% sequentially Q1 EPS of $0.48 per diluted share, down 31% from year-ago quarter, and 43% sequentially Q1 cash & short term investments of $867M Global Headcount of 24,534 on March 31, 2015, up 1% versus prior year

TROY, Mich., April 23, 2015 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq: SYNT), a global provider of digital transformation, information technology and knowledge process services to Global 2000 companies, today announced financial results for the first quarter, ended March 31, 2015.

First Quarter Financial Highlights

Syntel's revenue for... More