Patni’s Q1CY08 revenues up 13.1% at US$ 176.4mn

Patni Computer Systems Limited (Patni) today announced its financial results for the first quarter ended 31st March 2008.

Commenting on the quarter, Mr. Narendra K Patni, Chairman and CEO, Patni Computer Systems Ltd., said, “While Revenue and Profits are in line with our guidance we are in a cautious market situation in 2008 with uncertainty and volatility in global markets. We are running our business in lower than normal visibility. At the same time we find ourselves in good position and remain confident of our prospects on mid to long term basis. We are making all the investments necessary to diversify our business. We have recently appointed Mr. Louis Theodoor (Loek) van den Boog from our Board as Executive director of the company to expand and deepen the management.” 

To view detailed press release click on the attachment. 

Sourced From: Citigate Dewe Rogerson