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Satyam Posts 32% Year-Over-Year Revenue Growth; Revises Guidance Upwards

Geschrieben am 21-01-2008

Hyderabad, India (ots/PRNewswire) -

- FY2008 Revenue Now Estimated at US$2.1 Billion

Satyam Computer Services Ltd. (NYSE:SAY), a leading business and
information technology services provider, today announced the results
of the company for the quarter ended December 31, 2007 (Q3).

Consolidated Indian GAAP Highlights

- Revenue was Rs. 2195.56 crore; a year-over-year increase of
32.2% and a sequential increase of 8.1%.

- Volume growth for the quarter was 9.4%.

- Net Profit after Tax was Rs. 433.63 crore; a year-over-year
increase of 28.6% and a sequential increase of 6%.

- EPS was Rs. 6.48; a Year-over-year increase of 26.1% and a
sequential increase of 5.9%.

- EBITDA margin for the quarter was 21.46%.

US GAAP Highlights

- Revenue was US$ 562.9 million; up 49.9% year-over-year and
10.5%, sequentially.

- Net Income was US$109.7 million; a year-over-year increase of
54.3% and a sequential increase of 7.7%.

- Basic earning per ADS for the quarter was US$0.33, an increase
of 50% year-over-year and 6.5% sequentially.

- Operating margin (EBIT) was 19.04%.

"We enjoyed a strong third quarter. Several key strategies to
enhance our portfolio of capabilities and solidify our position as a
leading provider of integrated, end-to-end business transformation
services are bearing fruit," said B. Ramalinga Raju, Satyam's founder
and chairman.

Other Highlights

- The company ended the quarter with 44,847 associates, an
addition of 3,424. Total employees including subsidiaries and joint
ventures, is 49,199.

- Attrition, on a trailing-12-month basis, fell to 13.1% from
13.9% in Q3.

"The highlight of the quarter was the continued improvement in all
operating parameters, which helped us post better than guided
performance," said Satyam Chief Financial Officer Srinivas Vadlamani.
"Increased productivity, resulting from higher utilization, increased
billing rates and offshore shift led to 164 bps improvements in
margin." said

Business Outlook

- For FY08, under US GAAP, revenue is expected to be between US$
2119.2 million and US$ 2122.1 million, implying a growth rate of
45.0% to 45.2% over FY07. Basic earnings per ADS for FY08 is expected
to be US$1.27, implying a growth rate of 39.6% over FY07.

- Corresponding revenue growth under Indian GAAP consolidated is
expected to be between 29.0% and 29.2%. EPS for the full year is
expected to be Rs. 25.50, implying a growth rate of 18.90%.

- For Q4 FY08, under US GAAP, revenue is expected to be between
US$ 594.4 million and US$597.3 million, implying a growth rate of
5.6% to 6.1%. Basic earning per ADS for the quarter is expected to be
US$ 0.36.

- For Q4 FY08, under Indian GAAP consolidated, corresponding
revenue growth rate is expected to be between 5.3% and 5.8%; EPS for
the quarter is expected to be Rs. 7.23.

Key Business Achievements

Satyam added 32 new customers in the quarter, including eight
Fortune 500 corporations.

"Other third quarter highlights included revenue growth across all
verticals, complemented by similar performances in our service
offerings and regions," Raju said. "Our Retail, Travel, and Logistics
Practice, specifically, turned in a superior performance, growing by
35 percent. Results such as these demonstrate that our strategy to
provide the full range of services, quickly, effectively, and through
the most advanced delivery models is working well, and our customers
notice the difference."

Some prominent customer additions included FIFA, Federation
Internationale de Football Association, a German IT services provider
and a subsidiary of one of the world's largest media and
entertainment conglomerates and the organization responsible for
public transportation in Greater London.

The world's largest steel manufacturer engaged Satyam to enhance
its Total Cost Optimization program. The team analyzed its global
plants to reduce expenditures, enhance knowledge management, and
capture best practices across plants and geographies.

Satyam is helping a Tier 1 global investment bank implement a new
application architecture to accommodate its front and back-office and
data management needs. The multi-site, multi-year transformational
program will begin in Asia and Europe before moving to the US. Satyam
is also a preferred supplier for all of the organization's business
lines.

A global oil company engaged Satyam to develop a logistics
solution, facilitate on-boarding solution for
offshore-drillingplatform personnel, and deliver IT services for its
Global Gas Division.

A healthcare technologies manufacturer and services provider hired
Satyam for a critical value-engineering and product design project.
Satyam is providing mechanical, electrical, safety, and reliability
design services to transform the client's business.

A global manufacturer of pharmaceutical, diagnostic, therapeutic,
surgical, and biotechnology products engaged Satyam to migrate an
entire website into its private framework.

Satyam signed an agreement to help the organization responsible
for most aspects of Greater London's public transport system with a
broad range of IT services. Satyam is helping a German IT services
company provide IT solutions to its parent company, a global media
conglomerate, and to external customers.

Satyam is providing an end-to-end solution for the world's
largest international multimedia news agency.

Satyam BPO

In Q3, Nipuna changed its name to Satyam BPO Services. The
organization posted revenues of US$15.3 million, and a net loss of
US$2.4 million. The revenue guidance for FY08 is US$ 61 million,
which represents growth of 60% over the previous year.

In Q3, Satyam BPO signed two new customers. The organization also
won the prestigious and internationally recognized Golden Peacock
National Training Award for 2007, making it the first Indian BPO
company so honored. The award emphasizes "the five Ts," total
quality, transparency, trust, truthfulness, and training. Satyam BPO
was selected from 186 entries, a testament to the organization's
associate and leadership development, and its commitment to growing
leaders faster than the competition.

Key Q3 Awards and Recognitions

Satyam's B. Ramalinga Raju Named E&Y Entrepreneur of the Year

Satyam's Chairman B. Ramalinga Raju was awarded the Ernst & Young
Entrepreneur of the Year Award for India. He was honored for both his
business acumen and his efforts to enhance the community.

Satyam the Official IT Services Provider to The World Cup

Satyam has been selected as the official IT Services Provider to
the world's largest sporting event -the FIFA World Cup-in 2010 (South
Africa) and 2014 (Brazil).

Satyam Honored for 'Strengthening Customer Relationships'

The IT Services Marketing Association named Satyam's Customer
Intimacy Marketing and Communication Program the winner of its
"Strengthening Customer Relationships" category. The four-pronged
approach-business, technology, industry, and culture-beat out other
finalists from our peer group.

Satyam Is Indian MAKE Award Winner

Satyam was named one of India's "Most Admired Knowledge
Enterprises," and was presented an award for this accomplishment by
Shri Kapal Sibal, the country's minister for science and technology.

Satyam Wins Asian Corporate Social Responsibility Award

Satyam was honored in the Poverty Alleviation category for its
GramIT (Rural BPO) program, a key initiative of the Byrraju
Foundation, a non-government organization founded by Satyam Chairman
and Founder B. Ramalinga Raju. The Byrraju Foundation is dedicated to
rural transformation and has dramatically enhanced the quality of
life of more than 2 million people in 180 villages in India's Andhra
Pradesh state by providing healthcare, education, livelihoods,
sanitation, and drinking water.

Black Book of Outsourcing Vendors Ranks Satyam IMS 13th in World

Satyam's Infrastructure Management Practice secured 13th position
among the Global Top 20 service providers in the "Black Book of
Outsourcing Vendors." Satyam ranked third for brand image and
marketing communication efforts and first for infrastructure
applications monitoring parameters.

Satyam Wins Pegasystems Partner Innovation Award for 2007

Satyam won the Pegasystems Partner Innovation Award for helping
the organization's clients-financial institutions-comply with
Anti-Money Laundering (AML) statutes. The solution helps companies
fight fraud and financial crime, and remain compliant with
increasingly stringent BSA/AML/KYC regulations.

NASSCOM 'Shortlists' Satyam's Business and Delivery Model

Satyam's business and delivery model for high-end services made
the short list of candidates for NASSCOM's IT Innovation Award in
2007. The category was process innovation.

About Satyam

Satyam (NYSE: SAY), a leading global business and information
technology services company, delivers consulting, systems
integration, and outsourcing solutions to clients in 20(i) industries
and 61(i) countries.

Satyam leverages deep industry and functional expertise, leading
technology practices, and an advanced, global delivery model to help
clients transform their highest-value business processes and improve
their business performance. The company's 49,199(i) professionals
excel in engineering and product development, supply chain
management, client relationship management, business process quality,
business intelligence, enterprise integration, and infrastructure
management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil,
the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and
Australia serve 630(i) clients, including more than one third of the
Fortune 500. For more information, see http://www.satyam.com.

(i) As of Dec. 31, 2007

Safe Harbor

This press release contains forward-looking statements within the
meaning of section 27A of Securities Act of 1933, as amended, and
section 21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements contained herein are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those reflected in the forward-looking statements.
Satyam undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with our business, please
see the discussions under the heading "Risk Factors" in our report on
Form 6-K concerning the quarter ended September 30, 2007, furnished
to the United States Securities Exchange Commission on October 31,
2007 and the other reports filed with the Securities Exchange
Commission from time to time. These filings are available at
http://www.sec.gov.

This announcement is not an offer of securities for sale in the
United States. Securities may not be offered or sold in the United
States absent registration or an exemption from registration. Any
public offering of securities to be made in the United States will be
made by means of a prospectus that may be obtained from Satyam and
that will contain detailed information about Satyam and its
management, as well as financial statements.

Enclosed is the financial results of Satyam for the third quarter
ended December 31st, 2007.

ots Originaltext: Satyam Computer Services Ltd.
Im Internet recherchierbar: http://www.presseportal.de

$story.getcontactHeadline()
For clarifications, write to us at MediaRelations@Satyam.com; Or
contact our global PR representatives at: India, Vishwesh Iyer,
vishwesh.iyer@ogilvy.com, +91-98200-53697; US, Siobhan Aalders,
Siobhan.Aalders@ogilvypr.com, +1-212-880-5341, +1-347-387-0733;
Europe, Clare Gibbins, clare.gibbins@uk.ogilvypr.com,
+44-20-7309-1037; Asia-Pacific,
Reshma Wad Jain, Reshma@wer1.net, +65-6737-4844, +65-981-40507, Simon
Murphy,
simon@howorth.com.au, +61-(02)-8281-3826


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