United States : Syntel reports 3Q net income of $30 million.Byline: Mamta03 Troy-based Syntel Syntel, Inc. (NASDAQ: SYNT) is a global provider of Information Technology (IT) and Business Process Outsourcing (BPO) solutions, with operations in North America, Europe, India, and Asia. Inc. (Nasdaq: SYNT SYNT See You Next Time ) has reported another in string of strong earnings reports for the third quarter that ended Sept. 30. The global provider of IT services announced net income of $30.3 million or 73 cents a share on revenue of $104.7 million for the quarter, compared with net income of $22.1 million or 54 cents on revenue of $103.8 million for the same quarter last year. For the first nine months, the company had net income of $82.7 million or $1.99 a share on revenue of $301.2 million, compared with net income of $60 million or $1.45 on revenue of $305.7 million for the same period last year. The company boosted increased income despite a decline in revenue by cutting $156.5 million in costs. Quarter over quarter, the gross margin improved from 44.3 percent to 49.3 percent. Increasing stability in the business environment and a gradual The Gradual (Latin: graduale, sometimes called the Grail) is a chant in the extraordinary form of the Roman Catholic Mass, sung after the reading or singing of the Epistle and before the Alleluia, or, during penitential seasons, before the Tract. improvement in customer confidence had a positive effect on our top line during the third quarter, said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Keshav Murugesh in a press release. Copyright : Euclid Euclid, Greek mathematician Euclid (y  `klĭd), fl. 300 B.C., Greek mathematician. Infotech Pvt. Ltd.
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