CIMdata PLM Industry Summary Online Archive
30 October 2012
Financial News
Mahindra Satyam Reports Q2 Performance
Mahindra Satyam announced its audited consolidated financial results under Indian GAAP for the second quarter ended September 30, 2012.
Financial Highlights for the quarter ended September 30, 2012
- Consolidated Revenues at Rs 1,938 crore, up 23% YoY
- EBITDA at Rs 417 crore, up 73% YoY, margin at 21.5%
- PAT at Rs 278 crore, as compared to Rs 238 crore in the previous year
- EPS was Rs 2.36 per share in Q2
Financial Highlights in USD (per convenience translation)
- Consolidated Revenues at USD 354 million, up 3.5% QoQ
- EBITDA at USD 76 million
- PAT at USD 51 million
Other Highlights:
- Total headcount stood at 36,787 as of September 30, 2012, a net addition of 791 QoQ
- IT Attrition improves to 13.1% in Q2FY13 as compared to 14.1% in last quarter
- Total Active clients stood at 363 on consolidated basis
- Cash and cash equivalent stood at Rs 3,062 crore as on September 30, 2012
Vineet Nayyar, Chairman, Mahindra Satyam, said, "Our strong focus on growth and operational efficiencies continue. Our strengths in certain key verticals and competencies combined with increasing client confidence helped us deliver on both revenue growth and operating margins."
Speaking on the occasion, CP Gurnani, CEO, Mahindra Satyam, said, “With investments in new infrastructure, focus on strengthening industry partnerships and a lower than industry attrition, Mahindra Satyam is firing on all engines towards its next three year transformation journey. Our focus on traditional domains continue and greater investments are being made into NMACS as a step towards our future readiness”
To view an unabridged version of this press release, visit: http://www.mahindrasatyam.com/news/MSat-reports-stellar-Q2-performance.asp
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