SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO
SYNT 40.990.0%Oct 10 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Narotham Reddy who wrote (688)1/10/1998 2:34:00 PM
From: Jeffrey E. Klein  Read Replies (1) of 2761
 
The article in IBD was very positive on the company. Some highlights were as follows: Bharat Desai(pres and ceo)expects to open 2 more development centers, 1 in Europe and the other in Asia. He also plans to expand the capacity in current centers and open more centers in existing areas. He also said that this year they are launching a new practice specializing in the development of Web applications for Internet commerce. Also information in article suggested that Syntel is not overly dependent on Y2K services for their sales--7% of sales came from Y2K in 1997 and Desai expects it to represent about 15% of revenue in 1998.

The article said that Intellisourcing services, a higher margin "application management" services business is Syntel's fastest growing segment. In '98, the unit should represent more than 50% of revenue, up from 36% in '97 and Desai said that it could make up 80% by 2000.

The article also pointed out that Syntel uses its Y2K services as a springboard to sell its other services. Its core staffing business, called TeamSourcing serves to build new customer relationships that can be used as an entree to Intellisourcing services.

Intellisourcing services range from managing fraud controls and collection systems for retailers to developing claim processing systems for insurance firms.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News