Satyam Computers Services came out with its Q2 2009 results on Oct 17th 2008 as posted in the blog some time back. For the quarter ending on Sept 30th 2008,it has announced a revenue of Rs 2819 crores, a sequential growth of 7.6% as compared to the last quarter and 38.8% Y-O-Y. The net profit after tax on a consolidated basis stood at Rs 580.9 crores which means 6.1% growth on sequential basis and 42% Y-O-Y.

The results looked good on the paper given the financial turmoil going on in US which impacts the Indian IT market a lot.In the troubled times too, and it managed to clinch 33 new customers in the last quarter. Meanwhile the stock of the company is being badly beaten in the last 1 month or so,falling from 432 levels to Rs 220 levels.

The coming quarter will be more tough as the markets are very turbulent and many clients keep delaying their projects in these situations. TCS and Wipro Technologies will be announcing their Q2 results very soon on Oct 22nd.Everyone is eagerly waiting to hear their performance in the last quarter.Lets hope they bring out expected results and give some upward momentum to the markets.

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