SMARTLY LEADING THE PACK
Article Abstract:
Satyam Computer Services (SCS) is a leading software company. It has a market capitalisation of over Rs1,500 crore. It is involved in software application, maintenance, digital communications, Web-based technology and engineering services. USA contributes three-fourths of its income, where it provides software service. In 1998-99, it hopes to achieve a profit of about Rs65 crore. It plans to implement a Rs130 crore expansion programme. (gs) --------------------------------------------------------- Financial results of Satyam Computer Services (Rs in crore) --------------------------------------------------------- Particulars Quarter ended June 30 Year ended 1998 1997 31/3/1998 --------------------------------------------------------- Export sales 78.78 29.54 178.12 --------------------------------------------------------- Domestic sales 0.08 0.05 0.36 --------------------------------------------------------- Other income 0.48 0.57 11.64 --------------------------------------------------------- Interest 4.43 1.90 11.98 --------------------------------------------------------- Depreciation 7.55 2.13 22.89 --------------------------------------------------------- Tax 1.10 0.40 4.60 --------------------------------------------------------- Extraordinary item - - 19.86 --------------------------------------------------------- Net profit 15.28 6.43 39.07 --------------------------------------------------------- Equity 26.02 26.02 26.02 --------------------------------------------------------- Reserves 91.96 69.63 76.67 --------------------------------------------------------- EPS (Rs) 23.48 9.88 15.01 --------------------------------------------------------- Book value (Rs) 45.35 36.77 39.48 ---------------------------------------------------------
Comment:
Is a leading Indian software company, w/ a capitalization of over Rs1,500 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SOFTWARE UNIT TO BE HIVED OFF
Article Abstract:
India Satcom Ltd (ISL) has decided to hive-off its software division, which was set up to cater to in-house software requirements, into a separate company. ISL plans to leverage the software export market with equity participation from foreign software companies. The company's software division has currently tied-up with Compuware of the US for application development. (khr)
Comment:
India Satcom Ltd (ISL) has decided to hive-off its software division, which was set up to cater to in-house software requirements, into a separate company.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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