Satyam noteert een jaar-op-jaar winstgroei van 78,5% en een omzetgroei van 31,1%
Satyam posts YoY profit growth of 78.5%; revenue growth at 31.1%
Satyam (NYSE: SAY), a leading global consulting and IT services company, today announced the audited results of the company for the quarter ended June 30, 2006 (Q1). US GAAP Consolidated Revenue from software services stood at US $ 322.5 mn, up 7.24% sequentially and 31.1 % compared to the same quarter last year. The revenue was significantly higher than the guidance of US $ 308.5 mn.to US $.310 mn. The revenue guidance for the current year is revised upwards and is expected to be in the range of US $ 1.37 bn and US $ 1.39 bn. The earlier forecast for annual revenue was US $ 1.36 bn to US $ 1.38 bn
Net Profit, at US $ 75.5 mn., indicates a sequential growth of 21.2% and YoY growth of 78.5%.
Basic earning per ADS (including stock compensation charge) for the quarter at US $ 0.47, shows a sequential growth of 21.05% which is higher than the guidance of US$ 0.35.
Commenting on the results, Mr. B. Ramalinga Raju, Founder & Chairman - Satyam, said, "The growth continues to be broad-based across verticals and service offerings. The dispersion of growth across a larger customer base is evident from the higher growth recorded across the non top 10 customers in Q1. Offshore contribution continued to increase in Q1, reflecting our maturity in leveraging the global delivery model effectively to deliver enhanced value for the customer. Over the last four quarters, the offshore contribution has increased by 4% and now stands at 47%."
For Q2 fiscal 2007, consolidated revenue is expected to be between US$ 337.0 mn & US$ 338.6 mn and basic earnings per ADS (including stock compensation charge)is expected to be US$ 0.35
Key Business Achievements
Satyam added 34 new customers in the quarter.
Mr. Raju said, "We have made rapid progress in ramping up existing customers in the past few quarters. Our relationship management focus on leveraging opportunities across prominent customer accounts is amply reflected in the sequential increase of US $ 10 million dollar customers from 27 to 33. The number of customers with an annualized billing exceeding 5 million dollars has also increased sequentially from 46 to 51. This reiterates our customers' increasing confidence in our ability to deliver higher business value. This was also evidenced in the active support of over 200 CXOs and senior business leaders, who participated in our Customer Summit held in Q1."
Satyam expanded its services with a first-of-its-kind predictive modeling and analytics solution for a leading US insurer. The analytics helps the insurer in improving profitability across product portfolios with more informed decisions on risk and premia pricing. The models streamline underwriting practices and enable early detection of potential fraud. Satyam's Process Consulting Practice is helping one of India's biggest Diesel Engine Manufacturers to reengineer its business processes by new process architecture and defining a roadmap for performance management and organization restructuring.
Satyam revamped the existing electronic laboratory notebook (ELN) for a global giant to improve the visibility of R&D information and archive knowledge, and also to provide a legally acceptable workflow for the R&D community. Satyam added 1123 associates in the quarter, taking the total employee strength to 27,634. Total resources, including subsidiaries and joint ventures, increased to 29,843. Nipuna Highlights
Nipuna, Satyam's BPO subsidiary, recorded revenue of US$ 7.93 mn in Q1. Nipuna's revenue guidance for fiscal 2007 stands at US$ 36 mn. Nipuna added 240 employees in Q1, taking its resource strength to 2005 associates.
Key Awards and Recognitions in this Quarter
Satyam emerges as the Global No. 2 Outsourcing Vendor
Satyam has been ranked by the Brown-Wilson Group as the number two outsourcing vendor, globally. This was as per the Black Book of Outsourcing's Top 50 Best Managed Companies, 2006 survey, which included over 870 IT and ITES companies worldwide. This year, Satyam figured as the leading Indian IT services company in the outsourcing list.
Satyam rated Challenger in Gartner's ERP Magic Quadrant Satyam has been positioned as a Challenger in the Magic Quadrant for North American ERP Service Providers, 2006.
Satyam is an Oracle Global Certified Advantage Partner
Satyam has achieved the highest level of partnership at Oracle: Oracle Global Certified Advantage Partner. This partnership leverages the combined proposition of Satyam's end-to-end services and global delivery model, and Oracle's best-in-class applications and technology solutions.
About Satyam Computer Services Limited
Satyam Computer Services Ltd. (NYSE: SAY) is a global IT consulting and services provider, offering a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever-changing marketplace. Nearly 30,000* highly-skilled professionals in Satyam work Onsite, Offsite, Offshore and Nearshore, to provide customized IT solutions for companies in several industry sectors.
Satyam's ideas and products have resulted in technology-intensive transformations that have met the most stringent of international quality standards. Satyam Development Centers in India, the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, China, Japan and Australia serve 489* global companies, of which 156* are Fortune Global 500 and Fortune US 500 corporations. Satyam's presence spans 55 countries, across six continents. For more information visit: www.satyam.com