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Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by :
SM_1
Mah Satyam BPO turns profitable, delivers 8% growth QoQ
Published on Mon, Nov 09, 2009 at 18:46 | Updated at Mon, Nov 09, 2009 at 19:55 | Source : CNBC-TV18
For the first time in four years, Mahindra Satyam`s business process outsourcing (BPO) arm has made profits. Sources say that a quarter-on-quarter (QoQ) revenue growth of 8% has been seen this quarter, reports CNBC-TV18’s Kritika Saxena.
Two factors led to the profitability – strong cost rationalization by Mahindra Satyam’s BPO arm and a strong leveraging of Tech Mahindra’s operations and workforce.
According our sources, there is 8% growth in the overall revenues this particular quarter of which 4% come from purely new clients and clients extending their contracts.
Commenting on the good performance of the company, Vijay Rangineni, CEO of Mahindra Satyam BPO says, currently, as many as 22 clients were in the client base of Mahindra Satyam. Two new clients had been added this quarter. In fact, he says, large pharma client had extended its contract and increased the revenue figure to even double this particular quarter.
In addition to that they were chasing two large telecom deals going forward. This would be between USD 500-700 million. Rangineni also says that they were adding 200-300 employees going forward and had added 1,200 employees this particular quarter.
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Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by :
pitquote
thanks SM for the posting
First: CEO should not address issues openly till the accounts are re stated (he has claimed that satyam does not owe any money to maytas)
Investors must take a unbiased look on any comments rather than get biased due to holdings (yes- I hold in both Maytas and also Satyam counters from the beginning of the raju episode and has made numerous entry and exit) Both are doing excellent work and there is no doubt about it.
AS THE BOOKS ARE RE INSTATED - MR GURNANI SHOULD NOT OPENLY CLAIM THAT SATYAM DOES NOT OWE ANY THING TO MAYTAS OR WHO SO EVER. IT DOES NOT SOUND SO PROFESSIONAL FOR HIS STATUS AND DESIGNATION
UPAID: Even here- he should not have rolled the carpet - he must have kept a low profile and said all efforts are taken to resolve and should not create any dead line for himself (this is the third dead line in Upaid case)
LET SATYAM MANAGEMENT TALK WISELY - THEY ARE WORKING WISELY- NO DOUBT.
Cheers
Pitquote...
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : maximindiaNext rest(not halt)wl b at 130 be4 next rest at 150 to finally reach at 200 by december....
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : Sahil1984Thats true, aur bhagana bhi chahiye it was taking rest since so many days....lets where it takes next halt now.......
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : maximindiasahil Ab yeh sprinter Bolt ki tarah bhagega...
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by :
tashkoolbossTODAY will count as a breakout the stock is up 12%, will reach 125 in no time from here......
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : SM_1
Hello all,
All this positive news are showing the difference in Mahindra Satyam share price.. I hope this positive trend will now continue..
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Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : SM_1
Upaid issue to be settled before Jan hearing: Mah Satyam
Published on Mon, Nov 09, 2009 at 08:31 | Updated at Mon, Nov 09, 2009 at 10:16 | Source : CNBC-TV18
CP Gurnani, CEO, Mahindra Satyam, says the company has added 35 new clients.
Speaking on when the company plans to submit Satyam`s accounts to the New York Stock Exchange, he says the exchange has not reverted on the extension for financial filing. "I think the regulators are doing their job and NYSE knows that we are obligated to submit statements of accounts. Mahindra Satyam has not yet been able to restate its accounts because KPMG, who is our forensic experts, who are doing the job of restating the accounts needed more time to restate the accounts. CLB has allowed us time till the June 30, 2010 to restate the accounts, whereas NYSE has been given the same set of representations, same set of facts and hopefully come back to us."
Gurnani is hopeful that issues with Upaid will be settled before the next hearing in January.
He stated that the company will refute claims made by Maytas Infrastructure. "There is no evidence of any money from Maytas Infrastructure in Satyam`s books."
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Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : SM_1
Upaid issue to be settled before Jan hearing: Mah Satyam
Published on Mon, Nov 09, 2009 at 08:31 | Updated at Mon, Nov 09, 2009 at 10:16 | Source : CNBC-TV18
CP Gurnani, CEO, Mahindra Satyam, says the company has added 35 new clients.
Speaking on when the company plans to submit Satyam`s accounts to the New York Stock Exchange, he says the exchange has not reverted on the extension for financial filing. "I think the regulators are doing their job and NYSE knows that we are obligated to submit statements of accounts. Mahindra Satyam has not yet been able to restate its accounts because KPMG, who is our forensic experts, who are doing the job of restating the accounts needed more time to restate the accounts. CLB has allowed us time till the June 30, 2010 to restate the accounts, whereas NYSE has been given the same set of representations, same set of facts and hopefully come back to us."
Gurnani is hopeful that issues with Upaid will be settled before the next hearing in January.
He stated that the company will refute claims made by Maytas Infrastructure. "There is no evidence of any money from Maytas Infrastructure in Satyam`s books."
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Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : Sahil1984all the more happy in that case...Doudega to daudne do...aur achcha hai.....Finally it started moving up all over again....lets see where it stops from this point......
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : maximindiasahil2010 Yeh silsila chalega nahi balki doudega....
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : Sahil1984good news ka silsila chalta rahe yuhi.......
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : maximindiaMahindra satyam record profit in BPO cnbc....
NSE Announcements on Mahindra Satyam
Posted by : MMB MessengerSatyam Computer Services Ltd has informed the Exchange regarding the continual disclosures of sales received by the Companys Compliance Officer, pursuant to the Securities and Exchange Board of India (Insider Trading) (Amendment) Regulations, 2002 and the Companys Insider Trading Policy. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
