Satyam Q3 consolidated net zooms 160%

Satyam Computer Services today reported a 160.53% increase in consolidated net profit at Rs 429.54 crore for the third quarter ended December 31, 2005 as against Rs 164.87 crore in Q3FY05.

According to a release issued by th company to the BSE today, total income increased to Rs 1,514.69 crore in Q3FY06 from Rs 909.59 crore in Q3FY05.

B. Ramalinga Raju, chairman of Satyam, said: "Customers are increasingly looking for globally diversified and integrated solutions, which are creating opportunities for us to partner with them across multiple geographies. Our European and Asia-Pacific business is benefiting from this trend in addition to increasing penetration in their home markets."