20 Apr 07 Satyam Computer results – Excellent results and strong forecasts

Indian software major Satyam Computer Services reported a net profit of Rs. 394 crores in the Q4, 2007 quarter ended March 2007 compared to Rs. 337 crores in the previous quarter (Q3, 2007)Ã‚Â ended December 2006.Ã‚Â This impliesÃ‚Â a sequential growth of almost 17%, despite theÃ‚Â rupee appreciation and the hedging cost. Satyam Computers revenues increased by over 7% to Rs. 1779 crores from Rs 1,661.12 crores.

Satyam Computer Services has given a strong revenue growth guidance of 20% – 22% to Rs. 7793 – Rs. 7916 crore for FY 2008, and an EPS growth guidance of 19.25% – 21% to Rs. 25.32 per shareÃ‚Â - Rs 25.73 per share. As a result of the exellent results and strong revenue guidance, the shares of Satyam Computers jumped 4.6% to Rs. 468 after the announcement was made.

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