New Delhi: Information and technology giant Satyam Computer Services Limited declared its first quarter results on Friday.
The company posted a 74.75 per cent increase in profit after tax at Rs 360.09 crore for the quarter ended June 30, as compared to Rs 206.05 crore for the corresponding quarter in 2005-06.
Total income rose to Rs 1,461.24 crore for the first quarter in 2006-07, up 38.13 per cent from Rs 1,057.82 crore during Q1 FY 05-06, the company informed the Bombay Stock Exchange.
The Group reported a consolidated profit (after taxation and share of loss in associate company & minority interest) of Rs 354.12 crore for the quarter ended June 30 as against Rs 190.20 crore for Q1 FY 05-06.
Consolidated total income of the group increased to Rs 1517.41 crore during the first quarter in FY 06-07 from Rs 1082.12 crore in Q1 FY 05-06.
Shares of the company went up on the BSE on Friday.
On quarter-on-quarter (QoQ) basis, the company's Q1 net profit is up 26.5 per cent.
Its OPM is up at 25.64 per cent as against 25.46 per cent.
- Satyam ups FY07 Earnings Per Share (EPS) guidance from 18-20 per cent to 28-30 per cent growth
- Satyam Q2 EPS guidance is at Rs 8.83-8.87. Its revenue are at Rs 1,521-1,524 crore
Satyam is a leading global consulting and IT services company, offering a wide array of solutions customised for a range of key verticals and horizontals.
From strategy consulting right through to implementing IT solutions for customers, Satyam has its presence in the entire IT space.
(With inputs from PTI and moneycontrol.com)
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