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Home / Andhra Pradesh News / 2007 / January / January 19, 2007
Satyam Q3 net dips 21 percent

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Satyam Computer Services

Satyam Q3 net dips 21 percent

Total expenditure increased by 31.6 percent to Rs. 1251 crores from 950 crore

Hyderabad, January 19, 2007

A surge in personnel, operating expenses and unfavorable exchange rates has brought down Satyam Computer Services Limited's net profit by 21.4 percent to Rs. 337.23 crore in the third quarter ended December 2006. However, the total income grew 10.3 percent to Rs. 1671 crore driven by a sixty percent and 30 percent increase in revenues from domestic and exports in services respectively. Total expenditure increased by 31.6 percent to Rs. 1251 crores from 950 crore in the same period last year.

The chairman B. Ramalinga Raju told media on Friday that the 7.7 percent sequential revenue growth in the quarter was accentuated by 11 percent increase in offshore volumes. He said that the company managed to push up operating margins by 205 basis points sequentially due to greater contribution from the offshore segment and tight cost control on deliveries.

Andhra Pradesh on January 19, 2007

Satyam Q3 net dips 21 percent
Total expenditure increased by 31.6 percent to Rs. 1251 crores from 950 crore

Nuzvid sub jail break through
One criminal arrested while the other at large

Chief Minister visits boat tragedy site
Boat tragedy toll rises to sixty one

BJP demands probe into the boat tragedy
Demanded payment of Rs. 3 lakhs ex gratia to each of the families

Reliance outlets soon in the State
Four fresh outlets launched in the city

GITAM inks with UK University Vizaginfo.com
Students needs in the context of liberalization and proposed reforms in higher education

Teppotsavam at Simhachalam observed Vizaginfo.com
Anand Gajapati Raju and family offer special pooja

VSP observes Energy Month Vizaginfo.com
Chairman & MD speaks at valedictory function

Global meet on Cancer at Visakhapatnam Vizaginfo.com
Meet jointly organized by Lions Cancer Hospital and AU

January 19 in History

Events and happenings on 19 January History

19 January 2001
Highlights: Prime Minister of Mauritius visited the Hi-tech City

19 January 2002
Highlights: Naxals agrees for Talks

19 January 2003

19 January 2004
Highlights: ACB raids on the houses of CTO

19 January 2005
Highlights: Security tightened in view of naxal bandh

19 January 2006
Highlights: Special ID cards for AICC Plenary

19 January 2007
Highlights: Chief Minister visits boat tragedy site

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