SYNTEL (SYNT) - Upcoming Year 2000 IPO Message Board

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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO

SYNT 40.99

0.0%

Oct 10 5:00 PM EST

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To: JDN who wrote (2309)	12/17/1998 2:05:00 PM
From: airborn	Read Replies (2) of 2761

Found over on the Yahoo Thread, can anyone respond to this question? WHY is it still dropping with Revenue growth like this? by: donuts25 4837 of 4837 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. SYNTEL INC. AND SUBSIDIARIES RESULTS OF OPERATIONS Revenues. The Company's revenues consist of fees derived from its IntelliSourcing and TeamSourcing business units. Revenues increased 29.8% to $43.6 million in the third quarter of 1998 from $33.6 million in the third quarter of 1997. Revenues for the first nine months of 1998 increased 44.4% to $128.4 million from $88.9 million for the first nine months of 1997. The revenue growth for both the three and nine month periods ended September 30, 1998 was primarily attributable to growth in existing engagements, the addition of new IntelliSourcing engagements, the acquisition of the consulting base from Waypointe Information Technologies Inc., and increased average bill rates. Worldwide billable headcount, including personnel employed by Syntel India, as of September 30, 1998 increased to 1,768 compared to 1,593 as of September 30, 1997.

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