Satyam Computer Services : Moving on Well

Our performance in Q2 has been encouraging and we continue to make
significant investments in building competencies needed in this challenging
environment, says Ramalinga Raju, founder and chairman of Satyam Computer
Services. Despite his cautious optimism, a look at the companys H1 FY 09
performance shows a healthy topline growth of 43% over the corresponding period
last fiscal. This, the company believes, was due to effective cost management.
Satyams top leadership believes that the company is able to deliver because of
the breadth of its services in numerous strategic areas, an effort bolstered by
several key acquisitions in the recent past. The combined capabilities arising
from the integration of these organizations are especially useful in a market
where companies are increasingly focusing on process efficiencies and quick
turnaround times.

With the global meltdown, the company is also pitching aggressively for the
domestic market. A key win over the quarter relates to an Indian consumer
durables organization to which Satyam helped with a DTH broadcasting solution
with CAS support. Satyam is also in the process of designing the clients
next-generation STBs with advanced features. Meanwhile, even in geographies like
China, the company was able to gain further headroom. Satyam is supporting and
maintaining a soft drink companys SAP ECC 6.0 application.