Satyam Computer jumps on deal with Aussie airliner
Satyam Computer advanced 2.66% to Rs 426.25 after signing a seven-year contract with Qantas Airlines for over Australian $ 71 million.
As many as 2.26 lakh shares were traded in the counter on BSE.The stock declined in the past few sessions, from Rs 440.55 on 31 October 2006, to Rs 418.10 by 7 October 2006, under selling pressure.
On a sequential basis, Satyam’s consolidated net profit as per Indian GAAP declined 9.6% to Rs 319.81 crore from Rs 354.12 crore. Sales surged 11% to Rs 1,601.88 crore, from Rs 1,442.93 crore in Q1 June 2006.
Satyam Computer also revised upwards its FY 2007 guidance at the time of announcing Q2 results. The company said it had revised guidance following strong revenue growth in Q2 September 2006. `We now expect revenue as per Indian GAAP consolidated financials to grow between 34.6% and 35.1%. The corresponding EPS growth for fiscal 2007 is expected to fall between 35.9% and 36.4%.
Satyam’s diluted EPS for FY 2007, is estimated at Rs 20.73 - Rs 20.81 – a growth of 35.9 - 36.4% over FY 2006 EPS of Rs 15.25. The company added 35 new clients in the July-September 2006 quarter.
Satyam Computer, in late September, signed a 10-year, Rs 135-crore contract with Punjab & Sindh Bank, to implement and maintain its core banking system.On 14 September, promoters corporatised their stake by transferring it to a holding company, SRSR Holding Company. The aggregate holding transferred, stands at 8.5% of the company's total shares.
Satyam Computer Services and Microsoft Corp recently announced the opening of business intelligence (BI) facilities in Singapore and Shanghai. The two sites will be centres of excellence, where researchers will use real-life scenarios and data to test, develop, and implement innovative solutions for the financial services sector.
As many as 2.26 lakh shares were traded in the counter on BSE.The stock declined in the past few sessions, from Rs 440.55 on 31 October 2006, to Rs 418.10 by 7 October 2006, under selling pressure.
On a sequential basis, Satyam’s consolidated net profit as per Indian GAAP declined 9.6% to Rs 319.81 crore from Rs 354.12 crore. Sales surged 11% to Rs 1,601.88 crore, from Rs 1,442.93 crore in Q1 June 2006.
Satyam Computer also revised upwards its FY 2007 guidance at the time of announcing Q2 results. The company said it had revised guidance following strong revenue growth in Q2 September 2006. `We now expect revenue as per Indian GAAP consolidated financials to grow between 34.6% and 35.1%. The corresponding EPS growth for fiscal 2007 is expected to fall between 35.9% and 36.4%.
Satyam’s diluted EPS for FY 2007, is estimated at Rs 20.73 - Rs 20.81 – a growth of 35.9 - 36.4% over FY 2006 EPS of Rs 15.25. The company added 35 new clients in the July-September 2006 quarter.
Satyam Computer, in late September, signed a 10-year, Rs 135-crore contract with Punjab & Sindh Bank, to implement and maintain its core banking system.On 14 September, promoters corporatised their stake by transferring it to a holding company, SRSR Holding Company. The aggregate holding transferred, stands at 8.5% of the company's total shares.
Satyam Computer Services and Microsoft Corp recently announced the opening of business intelligence (BI) facilities in Singapore and Shanghai. The two sites will be centres of excellence, where researchers will use real-life scenarios and data to test, develop, and implement innovative solutions for the financial services sector.
posted by SY at 6:12 PM
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