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9 IT Services Stocks With Upside

6. Syntel (SYNT - Get Report) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions spanning the entire lifecycle of business and information systems and processes to Global 2000 companies. The company organizes its business into four segments: Application Outsourcing, Knowledge Process Outsourcing (KPO), e-Business, and Team Sourcing.

Of the 13 analysts covering the stock, 62% recommend a buy and 31% rate a hold. Analysts polled by Bloomberg foresee the stock gaining an average 20.6% to $56.00 in the upcoming 12 months.

Syntel's revenue for the third quarter of 2011 increased 19% to $167.6 million compared with $140.5 million in the 2010 period and up 7% from $157 million in the prior quarter. Net income for the third quarter was $26.2 million, or 63 cents per diluted share. At the end of the quarter, global headcount stood at 18,293, up 12% from the earlier year.

The company's revenue guidance for full year 2011 is $635 million to $640 million and EPS in the range of $2.65 to $2.73. Recently, Syntel declared regular quarterly dividend of 6 cents per share payable Jan. 13 to shareholders of record Dec. 30, 2011.

Syntel recently announced a systems integration partnership with Aras, the leading enterprise open source Product Lifecycle Management (PLM) software solution provider offering clients an open source option to meet their PLM challenges. The company has also signed an implementation partnership with Pyxis Mobile, a provider of the only cross-device mobile application development platform.

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