MAHINDRA SATYAM
(Satyam Computer Services
Limited)
NSE Symbol SATYAMCOMP
Mahindra Satyam Q3 PAT up 424% YoY;
Revenue up 34% YoY
Q3 PAT up 29% QoQ at Rs 308 crores;
Revenue up 9% QoQ at Rs
1718 crores
Mahindra Satyam announced its unaudited financial results
under Indian GAAP for the Third quarter ended December 31, 2011, reflecting progress
in its continuing focus on operational efficiencies.
·
Consolidated
Revenue was INR 1718 crores, up 9% QoQ, up 34% YoY.
·
EBITDA
was INR 278 crores up 15 % QoQ.
·
EBIDTA
Margins expand by 87 bps QoQ to 16.2%
·
Profit
After Tax was at INR 308 crores versus Rs 238 Crores in Q2, up 29% QoQ, 424%
YoY
·
EPS
was at Rs. 2.62 in Q3 FY12 versus Rs. 2.02 in Q2FY12
Other
Highlights
·
Total
headcount stood at 32,280 as of December 31, 2011, a net addition of 188 QoQ
·
Attrition
was stable at 16% in Q3FY12 as compared to 25% same time, last year
Vineet Nayyar, Chairman, Mahindra
Satyam, said, "We continue on our path of building the organization and
improving our operating metrics, in the face of some headwinds on the economic
front."
Speaking at the occasion, CP
Gurnani, CEO, Mahindra Satyam, said, "Our 3-pronged approach to the market
through vertical, regional and service-line penetration coupled with effective
portfolio management focus is showing consistent results in this changing
environment. Investments into emerging areas such as Mobility, Cloud and
Security Solutions should help us accelerate, as we complete the initial 3 year
transformation journey".
Key wins:
Ø In addition to new partnerships,
Mahindra Satyam also announced the following key wins during the quarter gone
by,
Ø Won an Oracle Payroll Implementation
and support order from a leading North American Transportation company
Ø Engaged by a leading Regional
development bank in Asia for implementation of its Enterprise financial
solution
Ø Chosen by a Top speciality retail
major in North America for implementation of Oracle retail
Ø Won a multi-year / multi-million
dollar project with a key client in Transportation Engineering. This new win
not only includes retaining current scope of work but also has led to
additional business in new areas
Partnerships
Ø
Mahindra
Satyam Signed a MOU with Kaspersky Lab. Under the MOU Kaspersky Lab, along with
Tech Mahindra and Mahindra Satyam will leverage their strengths in security
products and services to develop joint security solutions in the areas of
Mobility and Endpoint Security and Cloud Security Services
Ø
Saab
India Technology Centre inaugurated in Hyderabad. The Saab Technology Centre
(SITC) will form a bridge between India and Sweden. The aim of the Centre is to
support the internal operational excellence and optimization initiatives within
Saab, while also supporting Saab to expand in the Indian market
Ø
Launched
Workspace-as-a-Service (WaaS) solution which leverages technology from Citrix
Systems, Microsoft and Liquidware Labs. WaaS provides innovative user profiling
and assessment methodology in the workspace virtualization area
Recognition
Ø
The
company was named as 'Systems Integrator of the Year' at CNME ICT Achievement
Awards 2011 which was held in Dubai. The award was given in recognition of the
company's excellence in delivering projects on time and on budget and also
ensuring that the end-user organization gets the technology it needs not just
for the present but also for the long term
Ø
Mahindra
Satyam won the EMC 2012 Partner Innovation Award for its outstanding Industry
Solution for Financial Services – ProFinA, at the EMC Partner Conference at
Momentum Berlin on October 31, 2011. This award recognizes excellence and
innovation in a select group of partners who develop solutions based on EMC
offerings for the Financial Services industry (Banking, Insurance, Investment
Banking & Capital Markets) that help customers drive business and
operational efficiencies, manage compliance issues, and enhance customer
centricity.
Ø
Becomes
SAP® Business ByDesign™ Solution Reseller
Ø
Mahindra
Satyam is now authorized to market, sell and deploy SAP Business ByDesign as
well as offer additional services. These additional services may include back
office services, consulting, change management, or data migration. SAP® Business
ByDesign™ is a fully integrated business management solution dedicated to
companies in the small and midsize enterprise (SME) market.
Financial Summary (in Rs mn)
Consolidated P&L
Summary :: Q3FY12 :: Q2FY12 :: Q/Q Grth
% :: %age to Revenue
Ø Revenue :: 17,181 :: 15,777
:: 8.9% :: 100.0%
Ø C&B cost - Personnel &Sub
Con ::
11,503 :: 10,502
:: 9.5% :: 67.0%
Ø Operating Expenses :: 2,897 :: 2,858 :: 1.4%
16.9%
Ø EBITDA :: 2,781 :: 2,417 :: 15.1%
16.2%
Ø EBIDTA Margins ::
:: :: 16.2% :: 15.3%
Ø Other Income :: 1,513 :: 968
:: 56.4% 8.8%
Ø Depreciation / Amortisation :: 385 :: 396 :: -2.8%
::
2.2%
Ø Interest & Financing Charges :: 27 :: 20 :: 32.4%
::
0.2%
Ø Profit Before Tax :: 3,881 :: 2,968 :: 22.6%
Ø Provision for Tax :: 790 :: 578 :: 36.6%
::
4.6%
Ø Profit After Tax :: 3,084 :: 2,382 :: 29.4%
17.9%
Ø EPS - Rs/Share for the QTR :: 2.62 :: 2.02 ::
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