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What: Shares of Syntel
So what: Revenue climbed to $170.7 million, which was a little shy of the Street's expectations. On the other hand, the earnings per share of $0.98 more than made up for it by toppling the consensus estimate of $0.75.
Now what: CEO Prashant Ranade said the company saw stable trends in client spending and plans to continue making additional investments in the business. Looking forward, full-year guidance calls for revenue of $730 million to $755 million with earnings per share between $3.40 and $3.65, which are better than what investors were expecting.
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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.