• Satyam added 34 customers, including an international retail giant and a Canada-based global bank, in Q3. The number of Fortune 500 customers increased by one to 158. Satyam continued to build on its relationships with leading global companies by partnering with them on various business and technology solutions.
  
  
• Satyam is the sole partner for a USA-based global data management product company in rebuilding its products on a new generation platform, based on SOA.

Srinivas Vadlamani, chief financial officer, Satyam “The highlight of this quarter is 205 basis points improvement in EBITDA margins under consolidated Indian GAAP despite a negative impact of 120 basis points on the margins because of 3.7% rupee appreciation. EPS at Rs. 5.14, was higher than the guidance in spite of Rs. 35 crore foreign exchange loss.”

• Satyam strengthened its presence in the aerospace vertical by extending its relationship with a world leader in aerospace technology and a UK-based leading engineering solution provider for various global aerospace and automotive companies.
  
  
• Satyam is working with a leading development bank in the Middle East in transforming its business through a series of projects involving re-engineering and automation of its business processes.

Key Awards and Recognitions in this Quarter Satyam’s Manufacturing Practice –Recognized by ARC advisory group ARC advisory group, one of the most acknowledged thought leaders in the areas of manufacturing, automotive, logistics and supply chain solutions, has ranked Satyam as the largest supplier of offshore services to the automotive industry and the 2nd largest supplier of offshore services to manufacturers worldwide. Satyam Named Premier Engineering Services Outsourcing Vendor by Brown-Wilson Group Satyam Integrated Engineering Solutions has been ranked as the world’s leading Engineering Services Outsourcing (ESO) vendor by the Brown-Wilson Group (BWG). An exhaustive BWG survey analyzed 872 information technology and engineering outsourcing vendors in 63 countries. Its results appeared in the company’s “Black Book of Outsourcing,”a renowned and highly respected publication. Satyam ranked among the ‘Best Companies to Work For’by BT-Mercer-TNS In the recently concluded BT-Mercer-TNS Best Employer Survey 2006, Satyam was ranked as the 3rd Best Place to Work for in India. This prestigious survey is an acknowledged benchmark that recognizes outstanding people processes and practices across industries. The BT-Mercer-TNS award recognizes Satyam’s commitment to create a conducive workplace that nurtures, grows and retains the intellectual capital in the organization.

• Satyam’s deep domain competency resulted in it being chosen by a major consumer electronic equipment manufacturer from the APAC region to develop a feature-rich Set Top Box software solution. This solution would facilitate the entry of the electronic equipment manufacturer into the rapidly expanding European market for High Definition TV.
  
  
• Satyam expanded its service footprint in the oil & energy vertical. While one of the leading North American producers of oil & gas selected Satyam for JDE technology solutions, another oil major has entrusted Satyam with the task of providing comprehensive market solutions for its business processes in South Africa.
  
  
• The largest providers of telecom services in Sri Lanka and Malaysia went live on a Customer Care & Billing Solution, including Provisioning and Customer Relationship Management (CRM), implemented by Satyam. The engagement also evidenced Satyam’s system integration capabilities.
  
  
• Satyam has been selected as a strategic business partner by a leading manufacturer and marketer of petroleum products additives for end-to-end global SAP implementation.
  
  
• Satyam has been the sole preference as a support and maintenance partner for a leading telecom player in Asia Pacific, and also to enable Strategic Content Management Solutions for its business groups.
  
  
• A leading provider of information technology and network solutions has selected Satyam as a research support partner for its marketing evaluation support in areas of high-speed packet processing and optical networks.

Nipuna - Business Highlights

Nipuna, Satyam’s BPO subsidiary, recorded revenue of Rs. 43.38 crore (US$ 9.74 mn.) in Q3 2007. Nipuna is expected to achieve revenue of US$37 mn. in FY 2007, a growth of 86% over FY 2006. Nipuna added 379 employees this quarter, taking its resource strength to 2825 associates.

During the quarter, Nipuna added one customer in the procurement space and successfully executed two KPO projects. The company is now handling 60 processes for 30 customers in engineering, healthcare, insurance, artwork management, IT helpdesk, finance and accounts, animation, customer support, KPO, and data management areas. Nipuna signed a US$ 25 million ‘edutainment’deal with 4K Animation Limited, UK, for the execution and delivery of two European animation projects. The contract is one of the largest ever won by a global BPO service provider in the animation market. Nipuna will provide VFX, CGI, 3D and 2D animation services, including pre-production, production, and post-production, from its state-of-the-art studio in Chennai. More than 120 Nipuna professionals will produce and deliver animation services for the projects. Nipuna’s focus on the KPO domain was recognized with its ranking among the top ten in the KPO space, in the Brown-Wilson survey to be published in the ‘Black Book of Outsourcing’.

Back