Great Lakes Review, a division of Wellington Shields Co. LLC - Syntel incorporated (SYNT) Results Could Finally Be Turning the Corner

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Great Lakes Review, a division of Wellington Shields & Co. LLC

Great Lakes Review

Results Could Finally Be Turning the Corner

Results may finally be turning the corner with sales and EPS up 9% and 20%, respectively, in 1Q18 (March), aided by an improving customer spending environment.

Approximately two-thirds of Syntel’s revenue is recurring with essentially all generated from customers at least a year with Syntel.

Digital transformation services (including cloud, big data, artificial intelligence, etc.) are a growth driver, up 22% YoY in 1Q18 and now 21% of revenue (vs 18% a year ago).

Revenue generated from the top customer is now down to 16% of the total (vs 21% in 2016 and 27% in 2012).

15/05/2018 16 EN

Underlying

Syntel incorporated

Syntel is a provider of digital transformation, information technology and knowledge process outsourcing services. The company's segments include: Banking and Financial Services, which serves financial institutions throughout the world; Healthcare and Life Sciences, which serves healthcare payers, providers and pharmaceutical and medical device providers, among others; Insurance, which serves the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides technology services and business consulting; and Retail, Logistics and Telecom, which provides elimination and digital modernization solutions.

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US87162H1032 United States

Provider

Great Lakes Review, a division of Wellington Shields & Co. LLC

Great Lakes Review is located in Cleveland, Ohio, was founded in 1981 and became a division of Wellington Shields & Co. LLC in 2011. Great Lakes Review is a research boutique focused on the fundamentally-oriented investor seeking companies that dominate their respective specialty niche regardless of industry. The objective is to make money for the long-term by gradually accumulating a diversified portfolio from a universe of no more than 30 companies. Although short-term-oriented accounts will be alerted to trading opportunities, aggressive sell recommendations are triggered only by a deterioration in long-term fundamentals, not by short-term blips or investor fancy. Coverage of those names that lose their earnings momentum or earnings predictability may be dropped and replaced with more vital candidates.

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Analysts

Great Lakes Review

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Great Lakes Review, a division of Wellington Shields & Co. LLC

Weekly Update: AIT, ATR, CDW, GNTX, JBT, LECO, LKQ, MATW, MTD, NEOG, POL, SCL, SMG, SYNT, THO, WAB

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Great Lakes Review

Great Lakes Review

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Great Lakes Review

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Results Could Finally Be Turning the Corner

Syntel Named a Partner of the Year by Pivotal

Syntel and Atos S.E. are granted CFIUS clearance and have now obtained all regulatory approvals required for the transaction

Weekly Update: AIT, ATR, CDW, GNTX, JBT, LECO, LKQ, MATW, MTD, NEOG, POL, SCL, SMG, SYNT, THO, WAB

AIT: An Overlooked Industrial with Nearly 30% EPS Growth Modeled for FY19

RPM: Elliott Management the Catalyst to Rev Up the "RPMs"

Weekly Update: ATR, JBT, LECO, MIDD, NEOG, THO

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