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Mahindra Satyam’s growth surges 10% QoQ
 
 
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Q2 Revenue at Rs 1,578 crores, up 10% QoQ; EBITDA margins expand by 49 bps QoQ to 15.3%; PAT at 238 crores, up 5.7% QoQ

Hyderabad, India, November 12, 2011: Mahindra Satyam, a leading global Consulting, IT and Business services provider today announced its financial results under Indian GAAP for the second quarter ended September 30, 2011.

Financial Highlights for the Quarter ended September 30, 2011:
* Consolidated revenue was INR 1,578 crores, up 10% QoQ
* EBITDA was INR 242 crores up 13.7% QoQ. Margins expanded by 49 bps QoQ to 15.3%
* Profit After Tax was at INR 238 crores versus Rs 225 Crores in Q1, up 5.7% QoQ
* EPS was at Rs. 2.02 in Q2 of FY12 quarter versus Rs. 1.91 in Q1FY12

Financial Highlights in USD (per Convenience Translation):
* Second Quarter consolidated revenue was USD 330 million, up 3.2% QoQ
* EBITDA at USD 50.6 million versus USD 47.4 million in Q1FY12
* Profit After Tax was at USD 49.9 million versus USD 50.3 million in Q1FY12

Other Highlights
* Total headcount stood at 32,092 as of September 30, 2011, a net addition of 654 for the quarter
* Attrition down significantly to 15.6% in Q2FY12
* 36 new logos added during quarter

Vineet Nayyar, Chairman, Mahindra Satyam, said, “Our growth momentum continues, for the 5th consecutive quarter. As we come towards the end of our 3-year transformation journey, it is indeed satisfying to see that all our key business performance indicators such as growth, profitability and talent retention, are on course. We have shown significant improvement quarter on quarter, in spite of an uncertain macro-economic environment”

CP Gurnani, CEO, Mahindra Satyam, said, “This was an eventful quarter for us. Our emphasis on ‘differentiation’ and scaling up our market share through verticalized solutions is bearing fruit. Investments into emerging areas such as Enterprise Mobility and Smart Grid are gaining momentum”.

Posted on: Nov 12 2011
Press Release

Sectors: Information Technology

Mahindra Satyam partners with iPipeline
Mahindra Satyam announces Q1 financial results with growth in MEA region to be driven by new domains, verticals and markets

CategoryDescription
Software Industry
 
http://www.satyam.com
Country: India

Satyam Computer Services Ltd. (NYSE: SAY) is a global IT consulting and services provider, offering a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever-changing marketplace. Nearly 49,000 highly-skilled professionals in Satyam work onsite, offsite, offshore and nearshore, to provide customized IT solutions for companies in several industry sectors.

Satyam's network spans 57* countries, across 6 continents. Nearly 45,700* dedicated and highly skilled IT professionals, work in development centers in India, the USA, the UK, the UAE, Canada, Hungary, Singapore, Malaysia, China, Japan and Australia* and serve over 599* global companies, including over 173* Fortune 500 corporations.

Satyam’s revenue FY0607 was US$ 1.46 Billion and its market capitalization is about USD 7.57 Billion. For more details, please logon to www.satyam.com / www.mahindrasatyam.com

Satyam in Middle East
* Leading IT Services Organization in the region, servicing the market for close to a decade and offering the complete bandwidth of Satyam services locally
* Headquartered in Dubai with significant presence in Saudi Arabia, Kuwait, Qatar, Abu Dhabi, Oman and Bahrain
* Global Development Centers in Egypt and Al Khobar
* Competency across diverse industry segments
* Customer base in Middle East include over 160 high profile organizations
* Completed over 200 Project full Life Cycles
* Over 350+ consultants on site in the region
* Bi lingual - Project Team

* INDIA
Registered Office (Secunderabad)
Floor I, Mayfair Centre,
S P Road, Secunderabad - 500 003
Tel: + 91-40-30654343
Marketing Fax: + 91-40-2781 3166
Corporate Fax: + 91-40-2784 0058

Satyam Technology Center (Satyams Global HQ)
Bahadurpally Village,
Qutubullapur Mandal, RR District - 500 855
Tel: + 91-40-3063 3535
Fax: + 91-40-2309 7515

*UNITED ARAB EMIRATES - Dubai
2 Dubai Internet City,
#102 Building No. 2, P.O Box 30810, Dubai
Tel: + 97-14-3911 700
Fax: + 97-14-3911 713
Email: esolutions@satyam.com





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