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Satyam Computer Services Limited

Satyam announced its Q4 results today. The company said its US GAAP revenues grew 46 percent. The company crossed the $2 billion milestone mark for the year. The company added 32 new clients with 4 of them being Fortune 500 companies.

The company expects a revenue growth rate of 24 to 26 percent in FY09 (in both Indian and US GAAP). While EPS is expected to grow in the range of 17 to 19 percent in Indian GAAP, the EPADS* is expected to grow in the range of 15.2 to 17.6 percent,as per US GAAP.

Stock Prices Intraday – about 2:13 PM IST
Satyam (NSE): Rs. 458.55 Down 2.21%
NSE Nifty: 5008.95 Up 1.02%
BSE Sensex: 16,625.26 Up 0.87%

Add commentApril 21st, 2008

Asian markets in green on Monday morning

Monday morning is back again. Asian Markets opened this morning in green. Sans the Taiwan stock market which is trading volatile, the rest of Asia is looking strong.

The All Ordinaries crossed the 5600 market and is up over 146 points intraday. Hang Seng is up 2.43%,  Nikkei 225 is up 1.29%. Straits Times is up 2%.

So, overall it is green across Asia in the markets that have opened this morning.

1 U.S. dollar = 39.5194436 Indian rupees
1 U.S. dollar = 103.680664 Japanese yen

Add commentApril 21st, 2008