Satyam getting new contracts: Murty
Even as a few customers have left in the wake of the financial fraud committed by its erstwhile promoter, Satyam Computer said it is continuously getting new software services orders and existing clients have showed faith in the company.business Updated: Feb 11, 2009 11:22 IST
Even as a few customers have left in the wake of the financial fraud committed by its erstwhile promoter, Satyam Computer on Wednesday said it is continuously getting new software services orders and existing clients have showed faith in the company.
“A significant majority of our clients have indicated their support for Satyam, and are staying with us. Orders continue to come in, and the organisation is (making) efforts to grow new businesses,” Satyam Computer CEO A S Murty told PTI.
Asked if he visualises Satyam regaining its earlier position of the fourth-largest software exporter, the CEO said, “The board and senior management have been in constant contact with customers and associates to assure them of business continuity. To this point, our efforts to provide clear, consistent and forthright communications are working.”
Earlier Infosys, TCS and mid-sized IT firm Infotech had said some Satyam clients have approached them. In January, State Farm Insurance Co of the US terminated its contract with Satyam. Its other key customers -- GE, Nestle, Coca Cola, and National Australia Bank -- had earlier said it would suspend new contracts given to Satyam.