Satyam signs $200 mln deal with US firm | business | Hindustan Times
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Satyam signs $200 mln deal with US firm

business Updated: Mar 28, 2007 16:28 IST

India's Satyam Computer Services Ltd has signed a deal with US-based Applied Materials Inc worth about $200 million over five years, the Indian software services exporter said on Wednesday.

Satyam said it would provide application development, maintenance and support services to Applied Materials.

Santa Clara, California-based Applied Materials is the world's top supplier of equipment for making microchips.

At 2:26 p.m. (0846 GMT), Satyam Computer shares were down 4.3 percent at 452 rupees in a Mumbai market that was down 1.6 percent.