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What: Shares of Syntel
So what: Revenue in the quarter jumped 19% to $172.4 million, clearing the way to earnings per share of $1.05. Both top and bottom lines handily bested consensus estimates. Full-year sales similarly put up a 21% gain, to $642.4 million, with earnings per share of $2.94.
Now what: Syntel expects fiscal 2012 revenue to between $720 million and $750 million, with earnings per share between $3.10 and $3.35. CEO Prashant Ranade said Syntel continues to focus on investing in its people, services, and infrastructure as it expands its relationships with its customer base. The company added 26 new clients throughout the year and grew its global headcount to over 19,000 employees.
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