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Satyam Computer disappoints by revising guidance



Posted On : 2007-01-20 00:06:55( TIMEZONE : IST )

Satyam Computer disappoints by revising guidance

Satyam Computer Services Ltd has announced the following Audited results for the quarter December 31, 2006:

The Company has posted profit after taxation of Rs 3433.00 million for the quarter ended December 31, 2006 as compared to Rs 4930.80 million for the quarter ended December 31, 2005. Total Income has increased from Rs 15184.90 million for the quarter ended December 31, 2005 to Rs 16046.00 million for the quarter ended December 31, 2006.

The Unaudited Consolidated results as per Indian GAAP are as follows:

The Group has posted Profit after Taxation and share of loss in associate Company & minority interest as per Indian GAAP of Rs 3372.30 million for the quarter ended December 31, 2006 as compared to Rs 4295.40 million for the quarter ended December 31, 2005. Total Income has increased from Rs 15146.90 million for the quarter ended December 31, 2005 to Rs 16712.90 million for the quarter ended December 31, 2006.

The Unaudited Consolidated results as per US GAAP are as follows :

The Group has posted a Net Income of $ 71.1 million for the quarter ended December 31, 2006 as compared to $ 93.0 million for the quarter ended December 31, 2005. Revenues have increased from $ 281.8 million for the quarter ended December 31, 2005 to $ 375.6 million for the quarter ended December 31, 2006.

Source : Equity Bulls

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