Key Developments For Syntel, Inc.
Syntel, Inc. (SYNT.O) (Nasdaq)
Syntel, Inc. Declares Regular Dividend
The Board of Directors of Syntel, Inc. has declared a regular quarterly dividend of $0.06 per share, on Syntel's common stock, payable on January 14, 2010, to holders of record at the close of business on December 31, 2009.
Syntel, Inc. Narrows FY 2009 Revenue Guidance To A Range Above Analysts' Estimates; Raises FY 2009 EPS Guidance
Syntel, Inc. announced that based on current visibility levels and an exchange rate assumption of 47.0 rupees to the dollar, the Company updated fiscal 2009 guidance to reflect revenue of $405 to $408 million, and earnings per share (EPS) in the range of $2.60 to $2.65. According to Reuters Estimates, analysts were expecting the Company to report revenue of $404 million and EPS of $2.45 for fiscal 2009.
Syntel, Inc. Announces Strategic Alliance With Norkom Technologies
Syntel, Inc. announced that it has formed a strategic alliance with Norkom Technologies to provide financial crime and compliance software solutions to the financial services industry. As a Norkom Integration Partner, Syntel will implement Norkom products for clients and also integrate them into its own risk and compliance solutions. This includes Anti-Money Laundering, Multi-Channel Fraud detection, Enterprise Investigation Management, Watch List Management, Customer Due Diligence, Identity Resolution and Link Analysis solutions that span the full life cycle of financial crime and compliance -- detect, investigate, manage, respond, recover, and report.
Syntel, Inc. Raises Low End Of Prior FY 2009 Revenue Outlook To A Range Above Analysts' Estimates; Raises FY 2009 EPS Outlook
Syntel, Inc. updated its fiscal 2009 outlook to reflect revenue of $395-$415 million and earnings per share (EPS) in the range of $2.40-$2.50. According to Reuters Estimates, analysts were expecting the Company to report revenues of $394 million and EPS of $2.19 for the same period.
Syntel, Inc. Declares Regular Dividend
Syntel, Inc. announced that the Board of Directors have declared a regular quarterly dividend of $0.06 per share, on Syntel's common stock, payable on October 14, 2009, to holders of record at the close of business on September 30, 2009.
