sales in the Euro zone are nil. When other peers are cashing in those areas, Syntel is sleeping on American dream.
No vision for growth, the company is going down the drain.
2 replies (most recent on top)
True...syntel, CTS, tech mahindra shares are zooming, worst layoff stories were from these firms
If some is making the above coment mean that ther person has been sucessfully fooled by the strategy of Indian IT services firm to ensure that emloyee morale is down
sounds funny - consider the below facts
if there are no sales, is revenue coming from thin air...?
how the company is making higher and higher profit with out higher sales and growth in revenue,
the share price price has grown by almost 30%(from 17 to 24 dollars) in the last 2 quarter(after the predictable drop on disbursal of 1 billion reserves to share holders)
The entre layoff exercise was designed and implemented by nasscom to boost profits and keep employee expectation low by unleashing fer psychosis ans they succeeded... see the share of all Indian owned IT services firms including that of CTC is zooming...