Satyam Q4 net up 38 per cent

21 April 2007

Hyderabad: Satyam Computer Services has recorded a total income of Rs1,849.55 crore and a net profit of Rs393 crore for the fourth quarter ended March 31, 2007 against a total income of Rs1,342.51 crore and a net profit of Rs284.83 crore for the corresponding quarter last year.

This reflects a growth of 37.7 per cent in revenues and 38.2 per cent in net profit over the same quarter last year.

For the full year, Satyam''s revenues stood at Rs6,668.86 crore (Rs5,125.84 crore), a growth of about 30.09 per cent. The net profit was Rs1,404.62 crore (Rs1,149.06 crore), a growth of 22.24 per cent.

The company''s management provided a revenue guidance of $1.87 billion to $1.9 billion. The company hinted at revenues touching the $2-billion mark in third and fourth quarters.

The chairman of Satyam Computer, B Ramalinga Raju, said this growth might translate into 28-30 per cent in 2008 over fiscal 2007 in dollar terms and 20 to 22 per cent in rupee terms.

EPS for the full year is expected to be between Rs25.32 and Rs25.73, a growth of 18-20 per cent.