For 2001-02, the company has posted a total income of Rs 1,803.09 crore, a 45.21 per cent increase over the total income of Rs 1,241.67 crore in the previous fiscal. While income from software exports amounted to Rs 1,703.07 crore, domestic sales was Rs 28.86 crore.
Expands China Operations
During the last quarter SCSL launched operations in China as part of its aggressive expansion plan in the Asia-Pacific region. SCSL proposes to set up software development center, in cooperation with the Shanghai Pudong Software Park, for servicing its global clients operating from China and related market. Besides providing service to China-based companies, we propose to extend our China operations to other multi-national companies operating in China, Mr Raju said. Once the centre is established it would become the 15th facility of the company, he added.
SCSL chairman B Ramalinga Raju said, “Despite the weak economic scenario in the major markets, which is a source of concern for IT services companies, Satyam addressed the problem by strengthening the client relationships and through enterprise solutions offerings.” The strategy worked for the company, as it could get 24 new clients during the quarter under review, including four Fortune 500 companies.“We continue to compete successfully with global IT services companies in winning new customers,” Mr Raju said. The client strength of the company has increased from 208 to 263 during the year, while 60 companies are from Fortune 500.
In the last quarter, the company has posted an 18 per cent increase in sales. The operational margins remained at the same level as the first quarter of 2000-01 fiscal. But the net profit has been impacted adversely by higher tax provision.
For the current year, Mr Raju had forecast a growth rate of 18 to 20 per cent in dollar terms in the software service business. “The income from software services would be between Rs 2,091 crore and Rs 2,126 crore with an operating margin of 32 per cent,” he added.