Syntel(NASDAQ:SYNT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $246.02M. Analysts estimated a revenue of $249.12M. Earnings per share were $0.70. Analysts had estimated an EPS of $0.63.
Syntel (SYNT) made into the market gainers list on Wednesdays trading session with the shares advancing 1.23% or 0.56 points. Due to strong positive momentum, the stock ended at $46.09, which is also near the day’s high of $46.23. The stock began the session at $45.76 and the volume stood at 2,42,281 shares. The 52-week high of the shares is $50.92 and the 52 week low is $41.072. The company has a current market capitalization of $3,869 M and it has 8,39,52,151 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On May 24, 2016, Prashant Ranade (Executive Vice Chairman) sold 15,000 shares at $43.90 per share price.Also, On May 2, 2016, Nitin Rakesh (CEO and President) sold 10,000 shares at $42.77 per share price.On Mar 7, 2016, Murlidhar Reddy (Senior Vice President) sold 1,600 shares at $46.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Syntel Inc. (Syntel) is a provider of digital transformation information technology (IT) and knowledge process outsourcing (KPO) services. Syntel operates through five segments: Banking and Financial Services Healthcare and Life Sciences Insurance Retail Logistics and Telecom and Manufacturing. The Banking and Financial Services segment serves financial institutions around the world. The Healthcare and Life Sciences segment serves various companies in the healthcare industry. The Insurance segment serves property and casualty insurers insurance brokers personal commercial life and retirement insurance service providers. The Retail Logistics and Telecom segment serves a range of retailers and distributors and clients in the logistics and telecom industry. The Manufacturing segment provides business consulting and technology services for industrial and automotive clients. The Company offers its products and services under the Syntel brand.