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.
