What happened Syntel (NASDAQ: SYNT) stock has jumped today, up by 14% as of 2:00 p.m. EDT, after the company reported second-quarter earnings that beat analyst expectations. So what Revenue in the second quarter fell 8% to $226.8 million, while earnings per share fell 37% to $0.44. Despite those declines, the results beat consensus estimates, which called for $220.5 million in sales and earnings per share of $0.40. Image source: Getty Images. Syntel closed out the quarter with $87 million in cash and short-term investments on the balance sheet. Now what In a statement, CEO Rakesh Khanna said that demand for digital services "remained high" while Syntel's insurance business "continued to benefit from healthier industry trends." Khanna also added that it may take some time before growth returns to other operating segments, but the company will continue investing in digital and automation-driven services. In terms of guidance, full-year 2017 revenue is expected in the range of $865 million to $900 million, with earnings per share of $1.62 to $1.77, assuming an exchange rate of 64.5 Indian rupees to the U.S. dollar. 10 stocks we like better than SyntelWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Syntel wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of July 6, 2017Evan Niu, CFA has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.