Satyam’s net profit up 45 per cent

Satyam Computer Services, India's fourth largest software and IT services exporter, announced on Friday a net profit of Rs.5.48 billion for the first quarter ended June 30, registering a growth of 45 per cent over the corresponding period last year.


The net profit, which was Rs.3.78 billion in the first quarter of 2007-08, grew 17.3 per cent sequentially. The revenues during the quarter were Rs.26.21 billion, a growth of 8.5 per cent sequentially and 43.2 per cent on year-on-year basis.The earnings per share (EPS) for Q1 were Rs.8.16, reflecting a year-on-year increase of 43.9 per cent and a sequential increase of 17.1 per cent.

The company added 34 new clients during the quarter, taking the total number to 631. It also added 651 employees. The total number of employees of the parent company and all subsidiaries now stands at 51,643.

Tata Teleservices net loss $8.67 Mn in first quarter

Tata Teleservices Maharashtra (TTML) has announced a net loss of $8.67 million (Rs.347.15 million) during the first quarter of fiscal year 2008-09.

For the latest quarter ending June, the total income of the company has increased to $126.22 million (Rs.5.04 billion) from $102.40 million (Rs.4.09 billion) in the corresponding quarter last year.

Lalu's recitation a hit on YouTube

Union railways minister Lalu Prasad is to rule the roost on Youtube. A clip showing Lalu translating a Hindi poem into English while presenting the railway budget in February has become a huge hit on YouTube.

The clip is about Lalu reciting a Hindi poem during the speech, in which he seeks to convey his achievements in the ministry of railways. The clip dated February 26, 2008 has attracted over 3.5 lakh hits from across the globe.

While reciting the poem, he is interrupted by MPs, demanding him to translate it into English. Yadav stops, and says in English, "I will try to translate myself in English here."

Click here to get the youtube details.....> http://www.siliconindia.com/university/watchvideo.php?vid=110

KLM opts for Kerala firm's crew management solution

IBS Software Services, a provider of information technology (IT) solutions to the travel, transportation and logistics industry, has signed an agreement with KLM Royal Dutch Airlines for providing a crew management solution.

The airline will gradually replace the existing mainframe system with IBS crew management solution AvientCrew.AvientCrew will help KLM manage all aspects of their crew operations - from planning vacations and roster systems, to tracking performance.