Syntel, Inc., a global information technology services and Knowledge Process Outsourcing (KPO) company today announced financial results for the first quarter, ended March 31, 2014.
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 17, 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 percent to $219.5 million, compared to $189.1 million in the prior-year period, and decreased two percent sequentially from $223.3 million in the fourth quarter of 2013. During the first quarter, Banking and Financial Services accounted for 49% of total revenue, with Healthcare and Life Sciences at 17%, Retail, Logistics and Telecom at 16%, Insurance at 15% and Manufacturing at 3%.
“Syntel started 2014 on a solid footing and we look forward to building on this in the months ahead,” said Syntel CEO and President Prashant Ranade. Read more >>
News Pdf: 
synt_news_2014_4_17_earnings.pdf
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