Dalal Street Investments

Satyam Results and Guidance

October 23, 2007

Satyam Computer’s net profit rose 7.19% to Rs 417.15 crore on 10.75% rise in sales to Rs 1948.24 crore in Q2 September 2007 over Q1 June 2006.

The company revised upwards earnings as well revenue guidance for FY 2008 (year ending 31 March 2008), both in rupee terms and dollar terms. The company forecasts its revenue in fiscal 2008, as per US GAAP, to be between $ 2.07 billion and $ 2.08 billion, implying a growth rate of 41.5% to 42.0% over fiscal 2007. Basic earning per American depository shares (ADS) for fiscal 2008 is expected to be $ 1.24, implying a growth rate of 36.0% over fiscal 2007.

Corresponding revenue growth under Indian GAAP consolidated is expected to be between 26.3% and 26.7%. EPS for the full year is expected to be between Rs 25.0 and Rs 25.1, implying a growth rate of 16.5% – 17.0%.


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