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Fly News Breaks for April 20, 2018
SYNT
Apr 20, 2018 | 15:35 EDT
Barrington analyst Vincent Colicchio kept his Market Perform rating on Syntel after the company's Q1 results, saying the earnings beat was largely due to revenue overage and lower SG&A expenses. The analyst notes that revenues in Europe and in the digital segments stood out, but also points to "relatively weak" 2018 outlook issued by the company, adding that "exposure to traditional services remains an issue". The analyst cites high execution risk and a fair valuation in his neutral stance on Syntel.
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