|
After the days of its services focus, like others Satyam too has been facing pressure on margins and billing rates. The company believes they are subsiding and expects an upward reversal this year. Already, net profit ascended 21% to Rs 556 crore from last year's fall of 6%. A healthy cash position of Rs 380 crore gives Satyam the requisite muscle for growth through M&As on the way forward. The ramp-up on the customer side was the prime operational leverage. Hundred new customers were added, among them 23 Fortune 500 companies. As chairman B Ramalinga Raju told shareholders: “The current customer base, including 101 Fortune Global 500 customers, is indicative of the potential for our growth momentum.”
|
l Start-up year: 1987 l Products & services: IT services, software solutions l Employees: 13,696 l Development Centers: 18 l Address: 1st floor, Mayfair Center, SP Road, Secunderabad 500003 l Tel: 040-7843222 l Fax: 040-23304826 l Website: www.satyam.com |