Satyam Computer Services

Satyam retains its #4 rank, thanks primarily to its excellent performance

despite the slowdown. The company would have been ranked higher but for the huge

growth rate reported by Soffia Software on a tiny base. The company’s turnover

stood at Rs 1220 crore, up 81% over the previous year. Net profit leapt up by

134% to close at Rs 317 crore. The company was ranked #3 in sales and net

profit, #4 in gross block and #6 in ROCE. Gross block was up 30% to Rs 546 crore,

while ROCE stood at 45%. Despite growing concerns over the slowdown in the US

and some European countries, Satyam managed to grow, riding on its association

with companies like Ford, MatrixOne, Epicentric and ideaEDGE Ventures. While

Satyam continued to outperform the industry, its Nasdaq-listed subsidiary Satyam

Infoway continued to post losses. With Indian companies scheduled to report a

consolidated performance from fiscal 2002, Satyam’s performance would be more

eagerly awaited and keenly watched.