Syntel, Inc. (SYNT) Tops Q1 EPS by 14c; Issues Light FY14 Profit Outlook

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Syntel Reports First Quarter 2014 Financial Results

April 17, 2014 8:30 AM EDT

Highlights:

Q1 revenue of $219.5M, up 16% from year-ago quarter, down 2% sequentially Q1 EPS of $1.39 per diluted share, up 25% from year-ago quarter, down 12% sequentially Q1 cash & short term investments of $712.9M Global Headcount of 24,207 on March 31, 2014, up 9% versus prior year

TROY, Mich., April 16, 2014 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq: SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) company today announced financial results for the first quarter, ended March 31, 2014.

First Quarter Financial Highlights

Syntel's revenue for the first quarter increased 16... More