Mahindra Satyam, formerly known as Satyam Computer Services, 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. Revenue for the third quarter grew marginally to Rs 1,279.3 crore from Rs 1,242 crore in Q2, FY2010-11, Mahindra Satyam said in a filing to the Bombay Stock Exchange. Mahindra Satyam had reported a net loss of Rs 1,250 crore for the year ended March, 2010, giving a first view of its financials almost two years after founder B Ramalinga Raju admitted to cooking the company's account books for years. "Our efforts of investing in core competencies have begun to show encouraging results. The recognitions that we have received from our partners are true reflections of our inherent capabilities... Mahindra Satyam is geared up for a promising...
Mahindra Satyam, formerly known as Satyam Computer Services, 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.
Revenue for the third quarter grew marginally to Rs 1,279.3 crore from Rs 1,242 crore in Q2, FY2010-11, Mahindra Satyam said in a filing to the Bombay Stock Exchange.
Mahindra Satyam had reported a net loss of Rs 1,250 crore for the year ended March, 2010, giving a first view of its financials almost two years after founder B Ramalinga Raju admitted to cooking the company's account books for years.
"Our efforts of investing in core competencies have begun to show encouraging results. The recognitions that we have received from our partners are true reflections of our inherent capabilities... Mahindra Satyam is geared up for a promising...
By Ankit kumar
The company had reported a consolidated net profit of Rs 23.3 crore for the July-September quarter of 2010.
Revenue for the third quarter grew marginally to Rs 1,279.3 crore from Rs 1,242 crore in Q2, FY2010-11, Mahindra Satyam said in a filing to the Bombay Stock Exchange.
Mahindra Satyam had reported a net loss of Rs 1,250 crore for the year ended March, 2010, giving a first view of its financials almost two years after founder B Ramalinga Raju admitted to cooking the company's account books for years.
"Our efforts of investing in core competencies have begun to show encouraging results. The recognitions that we have received from our partners are true reflections of our inherent capabilities... Mahindra Satyam is geared up for a promising...
By Ankit kumar
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