Last $90.00 USD
Change Today +0.87 / 0.98%
Volume 70.4K
SYNT On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

syntel inc (SYNT) Snapshot

Open
$89.43
Previous Close
$89.13
Day High
$90.45
Day Low
$89.14
52 Week High
03/4/14 - $97.23
52 Week Low
07/29/13 - $70.38
Market Cap
3.8B
Average Volume 10 Days
81.0K
EPS TTM
$5.84
Shares Outstanding
41.8M
EX-Date
12/31/12
P/E TM
15.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNTEL INC (SYNT)

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syntel inc (SYNT) Details

Syntel, Inc. provides information technology (IT) and knowledge process outsourcing (KPO) services worldwide. The company operates in four segments: Applications Outsourcing, KPO, e-Business, and TeamSourcing. The Applications Outsourcing segment provides outsourcing services for ongoing management, development, and maintenance of customers’ business applications. The KPO segment offers outsourced solutions for knowledge and business processes. This segment focuses on middle and back-office business processes of the transaction cycle in capital markets, banking, healthcare, and insurance industries. The e-Business segment provides technology services in the areas of architecting, implementing and maintaining, Web solutions, data warehousing, business intelligence, enterprise application integration, business process management, and enterprise resource planning solutions. It also offers technologies, such as mobility, enterprise data management, and big data analytics. The TeamSourcing segment provides professional IT consulting services to customers on a staff augmentation basis. Its services include systems specification, design, development, implementation, and maintenance of complex IT applications involving computer hardware, software, data, and networking technologies and practices. Syntel, Inc. provides its services to various companies in the financial services, healthcare and life sciences, insurance, manufacturing, retail, logistics, and telecom industries. The company was founded in 1980 and is headquartered in Troy, Michigan.

24,122 Employees
Last Reported Date: 07/17/14
Founded in 1980

syntel inc (SYNT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $286.8K
Co-Founder and Executive Chairman
Total Annual Compensation: $250.0K
Chief Financial Officer, Chief Information Se...
Total Annual Compensation: $122.2K
Chief Operating Officer
Total Annual Compensation: $230.7K
Executive Vice Chairman
Total Annual Compensation: $768.4K
Compensation as of Fiscal Year 2013.

syntel inc (SYNT) Key Developments

Syntel, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Year 2014

Syntel, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net revenues were $228,250,000 compared with $202,501,000 a year ago. Income from operations was $63,227,000 compared with $64,891,000 a year ago. Income before provision for income taxes was $75,402,000 compared with $63,556,000 a year ago. Net income was $59,284,000 or $1.41 per diluted share compared with $47,512,000 or $1.14 per diluted share a year ago. The company spent $4.3 million in CAPEX. For the six months, the company's net revenues were $447,773,000 compared with $391,607,000 a year ago. Income from operations was $127,029,000 compared with $116,975,000 a year ago. Income before provision for income taxes was $150,989,000 compared with $124,444,000 a year ago. Net income was $117,432,000 or $2.80 per diluted share compared with $93,936,000 or $2.24 per diluted share a year ago. The company revised earnings guidance for the year 2014. Based on current visibility levels and an exchange rate assumption of INR 60 to the dollar, the company raised the lower end of 2014 revenue guidance by $5 million from the prior quarter to $920 million and now expects 2014 revenue to be in the range of $920 to $940 million. The company also raised EPS guidance to a range of $5.50 to $5.65 from $5.10 to $5.28 in the prior quarter. Tax rate will be in the low- to mid-20s. CapEx for the year is expected to be in the range of $20 million to $30 million, excluding any land purchase.

Syntel Seeks Acquisitions

Syntel, Inc. (NasdaqGS:SYNT) is seeking acquisitions. Bharat Desai, Chairman of Syntel, said, "Our Board does look at our balance sheet on a regular basis, and determines the best use of cash. As far as acquisitions go, our strategy remains what we've said in the past, we will look at acquisitions to extend market reach, whether it be in a geography or in a new industry, and we continue to focus on that strategy."

Syntel, Inc. Announces Board Elections

Syntel, Inc. announced that two new members were elected to the Company's Board of Directors on July 13, 2014. Syntel's new board members are Nitin Rakesh, CEO and President of Syntel, Inc. and Dr. Vinod K. Sahney, University Distinguished Professor of Industrial Engineering and Operations Research at Northeastern University. In addition to his position at Northeastern University, Dr. Sahney is an Adjunct Professor of Health Policy and Management at the Harvard University School of Public Health and previously served as Chief Strategy Officer of Blue Cross Blue Shield of Massachusetts and Henry Ford Health System. Rakesh was promoted to CEO of Syntel in April, 2014 after serving as President--Americas since 2012. Their appointments become effective immediately and will continue until the Syntel 2015 Annual Shareholders meeting. All members of the Syntel Board of Directors are subject to re-election by shareholders each year.

 

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Industry Analysis

SYNT

Industry Average

Valuation SYNT Industry Range
Price/Earnings 15.4x
Price/Sales 4.2x
Price/Book 4.3x
Price/Cash Flow 15.3x
TEV/Sales 3.2x
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