Strong volume drives Q1 Revenue growth

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Strong volume drives Q1 Revenue growth 
Mahindra Satyam has announced its unaudited consolidated financial results under Indian GAAP for the first quarter ended June 30, 2012. Consolidated Revenues is at Rs. 1880 crore, up 31% YoY. EBITDA is at Rs. 408 crore, margins at 21.7%, up by 417 bps QoQ. PAT at Rs. 352 crore, as compared to Rs. 225 crore in the previous year. EPS was Rs 2.99 per share in Q1.
Vineet Nayyar, Chairman, Mahindra Satyam, said, “With this quarter, we have successfully ended our 3-year transformational journey, recording progress on the back of strong fundamentals, focus and investments. Global business realities continue to be unpredictable. However we are confident of taking forward our momentum.”
CP Gurnani, CEO, Mahindra Satyam, said, “We compete in the marketplace today with investments in services, markets and our differentiators. Our plans to convert some of these bullets into cannonballs are a reflection of our performance this quarter.”


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