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Wednesday, July 15, 1998

Satyam Computer Q1 net up 137% 

Our Infrastructure Bureau  
MUMBAI, July 14: Satyam Computer Services Ltd has reported a 137 per cent jump in net profit for first quarter ended June 30, 1998, to Rs 15.28 crore as against Rs 6.43 crore during the corresponding period last year. During the period the company's revenue went up to Rs 78.78 crore from Rs 29.54 crore during the first quarter of last year, showing an increase of 167 per cent. The company's earnings per share on an annualised basis stood at Rs 23.50 as against Rs 9.90 during the corresponding previous quarter.

During the period, business from North America accounted for 79.7 per cent of the total turnover and the share of business from Y2K projects was 29.9 per cent of the turnover. Offshore business contributed over 75 per cent of the total turnover while the rest came from onsite development. Pentafour Software & Exports Ltd has reported a 47.2 per cent jump in net profit for the first quarter ended June 30, 1998, to Rs 21.11 crore (Rs 14.34 crore). Turnover during the period went up by 67.62 per cent toRs 95.78 crore (Rs 57.14 crore). According to a statement its order book is at $73.5 million for multimedia projects and at $71.5 million for general software all of which will be executed in the next 20 months.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


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