Syntel, Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-07-2013 04:30 PM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Zaineb Bokhari, Head of IR.

Syntel, Inc. broke ground on a new Global Development Campus (GDC) in Tirunelveli, a city in the South Indian state of Tamil Nadu. Syntel's Tirunelveli campus represents a significant expansion of the Company's facilities in India, and reinforces Syntel's commitment to expanding its infrastructure through a campus-based strategy. The first phase of the Tirunelveli campus will create 250,000 square feet of work space with capacity for more than 2,500 employees. It will include a software development block with a dedicated security block, dining facilities and a welcome center. The new facility is being constructed in multiple phases on a 100-acre plot of land in a tax-free Special Economic Zone (SEZ) and is scheduled to be completed within two years.

Syntel, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's net revenues were $189,106,000 compared to $170,744,000 a year ago. Income from operations was $51,873,000 compared to $44,506,000 a year ago. Income before provision for income taxes was $60,888,000 compared to $52,795,000 a year ago. Net income was $46,424,000 or $1.11 per diluted share compared to $40,745,000 or $0.98 per diluted share a year ago. The company spent $5.2 million in CAPEX, largely in support of campus infrastructure, and finished the quarter with cash and short-term investments of $438 million. Based on current visibility levels and an exchange rate assumption of 54 Indian Rupees to the dollar, the company currently expects 2013 revenue of $785 to $815 million and EPS in the range of $4.25 to $4.50.