IT firm Mahindra Satyam today posted a consolidated net profit of Rs 225.2 crore for the quarter ended June 30, 2011.
"Our results, this quarter, demonstrate our progression to the growth phase of our three-year transformation journey. Our relentless focus on market growth and margin expansion has yielded satisfactory results for yet another quarter," Mahindra Satyam Chairman Vineet Nayyar said in a statement.
Consolidated revenues stood at Rs 1,433.9 crore during the April-June quarter, up 14.9% year-on-year.
During the quarter, the company added 2,172 people (net), taking total headcount to 31,438 as of June 30, 2011.
Attrition rate increased to 17% from 22% in Q4 FY11, it said.
On the demand environment, Nayyar said: "we are reasonably confident that we would capitalise on this momentum. However, turbulent macro-economic conditions can pose challenges to the business environment for the outsourcing industry."
Shares of Mahindra Satyam today closed at Rs 71 on the Bombay Stock Exchange, down 4.31% from the previous close.
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