reports
Syntel Named a Partner of the Year by Pivotal
Syntel Named a Partner of the Year by Pivotal TROY, Michigan, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq: SYNT), a leading global provider of integrated information technology and knowledge process services, today announced that it has been named a Systems Integrator 2018 Partner of the Year for Customer Impact by Pivotal Software, Inc. Pivotal combines its cloud-native platform, developer tools, and unique methodology to help the world’s largest companies transform the way they build and run their most important applications. The award was presented at , Pivotal’s annual us...
Syntel and Atos S.E. are granted CFIUS clearance and have now obtained...
Syntel and Atos S.E. are granted CFIUS clearance and have now obtained all regulatory approvals required for the transaction TROY, Mich., Sept. 11, 2018 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a leading global provider of integrated information technology and knowledge process services, today announced that the review of the proposed acquisition of Syntel by Atos by the Committee on Foreign Investment in the United States (CFIUS) has been completed and there are no unresolved national security concerns with respect to the transaction. CFIUS clearance was the final outstanding r...
- Great Lakes Review
Weekly Update: AIT, ATR, CDW, GNTX, JBT, LECO, LKQ, MATW, MTD, NEOG, P...
GLR BUYOUT!: SYNT Estimates Raised and Earnings Reported: GNTX, JBT, LKQ, SCL, WAB Estimates Lowered and Earnings Reported: POL Earnings Reported: AIT, LECO, MTD Estimates Lowered: THO News: ATR, MTD, NEOG Coming Events: CDW, SMG
SMG SCOTTS MIRACLE-GRO COMPANY CLASS A
SCL STEPAN COMPANY
NEOG NEOGEN CORPORATION
MTD METTLER-TOLEDO INTERNATIONAL INC.
LKQ LKQ CORPORATION
LECO LINCOLN ELECTRIC HOLDINGS INC.
JBT JOHN BEAN TECHNOLOGIES CORPORATION
GNTX GENTEX CORPORATION
CDW CDW CORP.
AIT APPLIED INDUSTRIAL TECHNOLOGIES INC.
THO THOR INDUSTRIES INC.
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
MATW MATTHEWS INTERNATIONAL CORPORATION CLASS A
Syntel Reports Second Quarter 2018 Financial Results
Syntel Reports Second Quarter 2018 Financial Results Highlights: Q2 revenue of $249.7M, up 10% from year-ago quarter, and 2% sequentiallyQ2 EPS of $0.49 per diluted share as compared to $0.44 in the year-ago quarter and $0.55 in the first quarter 2018Q2 2018 cash & short term investments of $127.8MGlobal Headcount of 23,476 on June 30, 2018, versus 21,850 in the year-ago quarter TROY, Mich., July 26, 2018 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a leading global provider of integrated information technology and knowledge process services, today announced financial results for the...
- Great Lakes Review
Syntel enters definitive agreement to be acquired by Atos S.E.
Syntel enters definitive agreement to be acquired by Atos S.E. TROY, Mich., July 22, 2018 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a leading global provider of integrated information technology and knowledge process services, today announced that it has entered into a definitive merger agreement with Atos S.E. under which Atos will acquire all outstanding shares of Syntel for $41.00 per share in an all-cash transaction valued at approximately $3.57 billion, including Syntel’s net debt. The transaction was unanimously approved by the full Board of Directors of Syntel based on the un...
Syntel to Announce Second Quarter 2018 Results on Thursday, July 26, 2...
Syntel to Announce Second Quarter 2018 Results on Thursday, July 26, 2018 TROY, Mich., July 20, 2018 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a leading global provider of integrated information technology and knowledge process services, will announce results for the Second Quarter 2018, before the market opens on Thursday, July 26, 2018. Syntel management will conduct a conference call at 8:00 a.m. (EDT) to discuss financial and operating performance for the second quarter. To participate in the conference call, participants in the U.S./Canada should dial (877) 837-3915. Interna...
- 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 generat...
- Great Lakes Review
Raising Rating to GRADUALLY ACCUMULATE; 1Q18 Beats Big
1Q18 (Mar) EPS was 55 cents (vs 46 cents last year), up 20% YoY and 14 cents above our estimate due to better-than-anticipated sales and margins; Our 2018 estimate is now $2.02 (from $1.88 and Company raised guidance of $1.76-to-$1.96) off 4% from 2017; For 2019, our estimate is now $2.15 (from $2.00), up 6% from our 2018 projection; The shares are trading at 12.8x our 12-month forward EPS estimate of $2.03, or 116% of their 11% projected growth rate, and are now rated GRADUALLY ACCUMULATE ...
A director sold 50,000 shares at 27.185USD and
A director at Syntel Inc sold 50,000 shares at 27.185USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...
- Great Lakes Review
Trimming 2018 Estimate; 4Q17 Beats
4Q17 (Dec) EPS were 62 cents (vs an adjusted 57 cents last year), 11 cents above our estimate due to better-than-anticipated sales and margins, along with a 24% tax rate (vs our 26% projected); 2017 adjusted EPS was $2.10 (vs 2016’s $2.53 and the record $3.00 in 2015); Our 2018 estimate is now $1.88 (from $1.92) off 11% from 2017, as Syntel’s early projection is for customer budgets to be flat for the year, margins lower on growth-related investments, and a higher tax rate; For 2019, we are...
- Great Lakes Review
Raising Estimates; 3Q17 Beats Handily
3Q17 (Sept) EPS were 58 cents (vs an adjusted 63 cents last year), 17 cents above our estimate (and 16 cents over consensus) due to better-than-anticipated sales and margins, along with a lower tax rate (contributing 7 cents to the EPS beat); Our 2017 EPS estimate is now $1.88 (vs last year’s disappointing $2.53, 2015’s record $3.00, our previous $1.71 estimate and Company raised guidance of $1.81-to-$1.88), due to 3Q’s outperformance; Our 2018 estimate is now $1.92 (from $1.80), depending o...
- Great Lakes Review
Raising Estimates Slightly; 2Q17 Beats
2Q17 (June) EPS were 44 cents (vs 70 cents last year), 3 cents above our estimate; Our 2017 EPS estimate is now $1.71 (from $1.68 previously and Company raised guidance of $1.62-to-$1.77), due to 2Q’s outperformance, but with a continued drag from reduced IT budgets, as well as customer projects being delayed, reduced and/or completed, especially in the Banking & Financial Services (46% of revenue) and Healthcare & Life Science (17.5%) verticals given regulatory and economic uncertainty; Our...
Return to Record Results in 2016 and $10 Per Share in Cash
EPS is projected up at least 7% in 2016 (after a probably disappointing 2015) to a record $3.10 per share. The balance sheet has net cash of $848 million or $10.08 per share, 21% of the share price (94% of which is held in India). Syntel benefits from increased regulation, as well as customers deploying new technologies (social, mobile analytics and cloud deployments). Approximately 65% of Syntel’s revenue is recurring and 95% generated from existing customers.
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