Mahindra Satyam delivers Industry growth

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Mahindra Satyam has announced its audited consolidated financial results under Indian GAAP for the fourth quarter and year ended March 31, 2012. The highlights include Consolidated Revenues at Rs.1,666 crore, up 21% YoY, EBITDA at Rs.292 crore, Margins at 17.5%, up 132 bps QoQ. PAT at Rs.534 crore, as compared to Rs.308 crore in the previous quarter and EPS was Rs.4.5 per share in Q4.

Vineet Nayyar, Chairman, Mahindra Satyam, said, "We continue to make steady progress in our transformation journey. Our results for the past three years and the current quarter are a vindication of our growth strategy and the fighting spirit of team Mahindra Satyam. Despite the uncertainties in the global market, our team has proved its mettle through sustained volume growth, improved margins, key client additions and creation of innovative platform and offerings."

C. P. Gurnani, CEO, Mahindra Satyam, said, "While the business world grapples with the looming uncertainties, we have been able to swim against the tide. This reflects our growing ability to straddle the complex task of maintaining the agility of a start-up with the experience and maturity of a behemoth. Our customers and partners have endorsed this aspect and continue to invest in our competencies, as we step into our next three-year transformation phase."

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