Satyam Computer Services has posted a 153 per cent jump in income to Rs 170.71 crore, and a 124 per cent increase in net profit to Rs 33.70 crore for the first half of the current fiscal, compared with the corresponding figures for last year. The board of the company recommended a maiden interim dividend of 12 per cent.
In the second quarter of the current fiscal, Satyam posted an income of Rs 91.85 crore (Rs 37.95 crore previously) registering a 124 per cent jump, while net profit increased 113 per cent to Rs 18.42 crore (Rs 8.63 crore).
Together with its subsidiaries, Satyam recorded a total income of Rs 101.58 crore for the quarter ended September 30, 1998, against Rs 40.97 crore for the corresponding quarter of last year.
According to a Satyam release, the company consolidated its strengths as an end-to-end solutions provider by adding 21 customers in the first half of the current fiscal.
Fourteen of these are on client/server and leading-edge technologies which are in line with Satyam's strategy. Its customer base now covers 20 countries spanning all continents.
The company has also increased the width of its offerings which now include a blend of legacy, new and emerging technologies. Satyam is working on several projects in advanced fields like data warehousing, electronic commerce, computer telephony integration, embedded software, web-centric applications and re-engineering.
The release announced the establishment of a euro centre of expertise to deal with the euro currency transition. The centre recently provided conversion and testing services to a bank in Belgium for euro compliance, it said.
