JDN: The part I like is that they have over 70 Million in cash and no debt, why this is trading at $10.25 is a mystery to me, there are many companies out there that are in debt up to their ear's and trading at much higher number's, SYNT is profitable and the future look's promising, why does the investing public not see that?
''Margin performance is expected to remain strong,'' said John Andary, Syntel's Chief Financial Officer. ''In addition, as a
result of the ramping up of our sales force, we are seeing increased lead generation and an improvement in both the size and
total contract value of our pipeline, which should ultimately result in a return to strong revenue and earnings growth. With no
debt, over $70 million in cash, and $45 million in unused credit, Syntel remains in a strong financial position to pursue future
growth opportunities.''
About Syntel, Inc.
Syntel provides cutting-edge integrated technology solutions to Fortune 500 companies such as AIG, Dayton Hudson, Ford
Motor Company, and Borders, among others. Syntel helps its clients better manage their business applications to improve time
to market, productivity, and competitiveness through integrated applications solutions. The company has approximately 1,900
employees in North America, Europe, and Asia and operates four world-class Global Development Centers in the US and
Asia. To learn more about Syntel, visit the company web site at: www.syntelinc.com |
