Highlights of Jan-Mar, FY08 earnings of Satyam Computer Services

[K.Karthik Raja]

Highlights of Jan-Mar, FY08 earnings of Satyam Computer Services
Monday, Apr 21

MUMBAI - Highlights of Satyam Computer Services Ltd's 2007-08 (Apr-
Mar)
and Jan-Mar quarter earnings announced today:

FY08 EARNINGS
* Net profit 17.16 bln rupees.
* Total income 83.94 bln rupees.
* Consolidated net profit 16.88 bln rupees.
* Consolidated net sales 84.73 bln rupees
.
JAN-MAR EARNINGS
* Net profit 4.67 bln rupees.
* Net sales 24.16 bln rupees.
* Analysts estimated net 4.82 bln rupees.
* Standalone cash EPS 7.54 rupees.
* Standalone net profit 4.68 bln rupees.
* Standalone net sales 23.19 bln rupees.
* Offshore billing rates up 0.5% on quarter.
* Onsite billing rates up 0.6% on quarter.
* Business volumes grew 8.7% on quarter.
* Offshore contribution to revenue rose 0.5% on quarter.
.
FY09 GUIDANCE
* Sees revenues rise 24-26%.
* EPS growth at 17-19%.
* Sees EPS at 29.54-30.04 rupees.
* Sees revenue 105.0-106.7 bln rupees.
.
BUSINESS GROWTH
* Added 32 new clients in Jan-Mar.
* To hire 14,000-15,000 employees in FY09 for IT services.

K.Karthik Raja