Satyam Computer Q1 net profit surges to Rs 389 crore

The total income of the company moves up 24.61 per cent to touch Rs 1,820.93 crore for the quarter, which ended on June 30.

IT major Satyam Computer Services on Friday posted a 8.06 per cent rise in its net profit at Rs 389.14 crore for the quarter which ended on June 30, compared to Rs 360.09 crore in the year-ago period.

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Satyam Computers
(FY07)

* Revenue: Rs 6,485 crore
* Total income: Rs 6,668 crore
* Net profit: Rs 1,405 crore
* Presence in 55 countries in 6 continents

Total income of the company moved up 24.61 per cent to Rs 1,820.93 crore for the quarter under review from Rs 1,461.24 crore in the corresponding quarter a year ago, Satyam informed the Bombay Stock Exchange.

The group's profit after tax stood at Rs 378.32 crore for the April-June quarter, against Rs 354.12 crore a year ago.

Total income increased to Rs 1,893.39 crore in the period from Rs 1,517.41 crore last year.

Shares of Satyam Computers were trading at Rs 479, down 1.57 per cent on BSE.