A global IT services and Knowledge Process Outsourcing (KPO) company, Syntel (NASDAQ: SYNT), announced its financial results for the third quarter, which ended on September 30, 2012. According to the posted results, net income increased to $51.48 million from $26.21 million last year. The profit per share increased from $0.63 to $1.23. Net revenues also increased from $167.63 million last year to $186.41 million, which is not a monumental leap like its net income and profit per share.
Hefty Profits
During the current third quarter, the Applications Outsourcing Division accounted for 75% of total revenue growth, with KPO at 15%, e-Business contributing 8%, and Team Sourcing taking the remaining 2%. The company’s gross margin was 45.5% in the third quarter, compared to 39.8% in the previous year’s Q3 period.
Business analysts interviewed by Thomson Reuters have expressed that they expected Syntel to report a profit per share of $0.95 on revenue of $189.3 million for the quarter. The analysts also expect the company to report 2012 profit per share of $3.96 on revenue of $734.65 million. This analysis generally does not include special items. A company spokesperson said on behalf of the company that the general expectation for 2012 is a revenue growth in the range of $730 million to $735 million, and profit per share in the range of $4.36 to $4.40.
Molex Performance
Molex (NASDAQ: MOLX) delivers end-to-end interconnect products and solutions for data communications, telecommunications, consumer electronics, industrial, automotive, medical and other industry segments. Molex provides a host of electronics systems, devices and solutions, the most important of which are the interconnectors. Established in 1938, the company has a global network of 40 distinct operating locations in as many as 16 countries. Shares of Molex closed today at $25.96, up nearly 1% for the day.
National Instruments
Another mid-cap company listed on the NASDAQ is National Instruments (NASDAQ: NATI). The company provides products and services to the engineering and scientific fields. National Instruments has been operating since 1976. National Instruments shares declined by 1.5% to close at $23.56 on a volume of 531,476.
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