Syntel Announces its Third Quarter Profits: Good News in the Offing (SYNT)

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.

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.

Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing. http://www.facebook.com/ben.rouss

Recent Stories

SignUp Now For Our Featured Newsletter