Results boost Satyam Computer

Satyam Computer jumped 4.61% to Rs 468.50, on posting 16.92% rise in sequential net profit for Q4 March 2007.

Satyam Computer Services reported a net profit of Rs 394 crore in fourth quarter ended March 2007 compared to Rs 337.23 crore in the third quarter ended December 2006, a sequential growth of 16.92%. Its revenues increased 7.09% to Rs 1779 crore from Rs 1,661.12 crore.

For FY-2007, Satyam's net profit jumped 40.12% to Rs 1375.93 crore from Rs 981.93 crore in the previous year. Its revenues rose 35.31% to Rs 6484 crore (Rs 4792.59 crore).

For the year ended March 2007, the group posted a net income of $ 298.4 million compared to $ 249.4 million for the year ended March 2006. Revenues have increased from $ 1096.3 million for the year ended March 2006 to $ 1461.4 million for the year ended March 2007.

Satyam Computer Services has given revenue growth guidance of 20.1 - 22% to Rs 7793 - Rs 7916 crore for FY-2008, and EPS growth of 19.26 - 21.1% to Rs 25.32 - Rs 25.73.