SunTrust Downgrades Syntel, Inc. (SYNT) to Hold

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Go back to SunTrust Downgrades Syntel, Inc. (SYNT) to Hold

Syntel Reports Third Quarter 2016 Financial Results

October 20, 2016 8:30 AM EDT

Highlights:               

Q3 revenue of $241M, down 5% from year-ago quarter, and 2% sequentiallyQ3 loss per share of $2.58 as compared to EPS of $0.92 in the year-ago quarter, and $0.70 in the prior quarter. Q3 2016 EPS was negatively impacted by $3.21 per share of one-time tax expense associated with a one-time repatriation of cash. Q3 cash & short term investments of $88.4M Global Headcount of 23,055 on September 30, 2016, versus 23,814 in the year ago quarter

TROY, Mich., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq: SYNT), a global leader in digital modernization,... More