Moneycontrol
Feb 14, 2011 06:00 PM IST | Source: CNBC-TV18

Will take 3-yrs for turnaround, says Mahindra Satyam

Speaking at a press conference, Vineet Nayyar, chairman of the company said the consolidate cash and cash equivalents at Rs 3,048 crore compared to Rs 2,996 crore. "We will take three for a turnaround," he informed.

Mahindra Satyam, formerly known as Satyam Computer Services, on Monday reported an over two-fold sequential jump in consolidated net profit for the quarter ended December 31, 2010, to Rs 58.9 crore.

The company had reported a consolidated net profit of Rs 23.3 crore for the July-September quarter of 2010. Speaking at a press conference, Vineet Nayyar, chairman of the company said the consolidate cash and cash equivalents at Rs 3,048 crore compared to Rs 2,996 crore.

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