Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : EURODOLLAR - SOFTWARE GOLDMINE -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (31)	3/8/1998 10:07:00 AM
From: Sergio H	Respond to of 124

Ken, SYNT's Feb. earnings were 47% ahead of expectations!!!! From briefing.com: Story Stocks Thu 02/19, 1998 **** 10:35 ET **** SYNTEL INC (SYNT) 23 3/4 +1 1/16. It's pretty tough to find a "Year 2000" stock these days that is worth your time, particularly considering the dismal results that have come out of major names such as Data Dimensions (DDIM) over the past few weeks. However, Syntel is one of the few companies in the group that is not only exceeding extremely high expectations, but surpassing them. For example, in the latest quarter Syntel reported earnings per share of $0.15 a share, a dramatic 275% improvement over year-ago earnings. More impressive was the company's ability to exceed Wall Street estimates by a full 67%. Year-over-year revenues advanced 46% to $35.4 mln and rose more than 5% on a sequential basis. The Achilles heel of these stocks during the latest reporting period has been weaker than expected margins. Well according to Syntel, its business mix continues to shift toward "higher value, higher margin IntelliSourcing services." And by mid-1998, the company forecasts that its offshore capability will have tripled from its levels at the end of 1996. Currently, Syntel has 11 offices in North America, Europe, as well as 4 Global Development Centers in the US and India.