8-K 1 k84833e8vk.txt CURRENT REPORT, DATED APRIL 23, 2004 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) April 23, 2004 ------------------------------------------------------------------ Syntel, Inc. ------------------------------------------------------------------ (Exact Name of Registrant as Specified in Its Charter) Michigan ------------------------------------------------------------------ (State or Other Jurisdiction of Incorporation) 0-22903 38-2312018 ------------------------------------------------------------------ (Commission File Number) (IRS Employer Identification No.) 525 E. Big Beaver Road, Suite 300, Troy, Michigan 48083 ------------------------------------------------------------------ (Address of Principal Executive Offices) (Zip Code) (248) 619-2800 ------------------------------------------------------------------ (Registrant's Telephone Number, Including Area Code) ------------------------------------------------------------------ (Former Name or Former Address, if Changed Since Last Report) 1 ITEM 9. REGULATION FD DISCLOSURE. This 8K is being furnished to clarify the answer to a question on today's earnings call. The question was what was the effect of a 1% rupee appreciation this quarter? The answer is a 1% move in the rupee impacted our Gross Margins by 10.7 basis points, our Operating Income by 13.6 basis points and our Net Income by 12.6 basis points, each as a percentage of revenue. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Syntel, Inc. ------------------------------------- (Registrant) Date April 23, 2004 By /s/ Keshav Murugesh ---------------------- ------------------------------------- Keshav Murugesh, Chief Financial Officer