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Syntel Shares Jump After 1st-quarter Earnings

Stock quotes in this article: SYNT  

TROY, Mich. (AP) — Information technology services company Syntel Inc. said Monday its first-quarter profit climbed, boosted by a gain on the reversal of tax reserves and lower expenses.

The company earned $27.3 million, or 66 cents per share, up 34 percent from $20.4 million, or 49 cents per share, in the same period a year earlier.

The latest quarter's results included a gain of 10 cents per share on the tax reserve reversal. ...

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