Satyam Computer Services Ltd. Has announced the financial results for the fourth quarter and year end March 31, 2006, in a board meeting held in Hyderabad, India.

Revenue for the quarter stood at US$300.7 million, a year-on-year growth of 35.21 percent, while net profit was US$65.5 million, up by 38 percent year on year and 5.53 percent sequentially. Volume growth at 6.8 percent was the growth driver in this quarter. The revenue guidance for Q1 2006-2007 is expected to be in the range of US$310.7 to US$ 312.3 million. The EPS guidance for Q1 2006-2007 is US$0.19 – US$ 0.2 As per US GAAP, the Company recorded revenue of US$300.7 million and earnings per ADS of US$0.39, representing a sequential growth of 6.7 percent and 8.5 percent respectively.

In Q4, Satyam made its presence felt in the ‘large deals' category by securing long-term contracts from leading global auto majors. The integrated solution offerings coupled with Satyam's global program management capability will make the company a strong contender in garnering a higher share of such deals in the coming days.

During 2005-2006, Satyam reported 120 new customer wins, including 12 Fortune Global 500 and Fortune US 500 corporations. Taking its competency in aerospace sector further, Satyam also bagged several prestigious orders from aircraft majors in US and India in areas of avionics testing and engineering services.

The net employee addition for the quarter was 3,079, taking the total employee strength to 26,511. The employee base is 28,624 including subsidiaries.

During 2005-2006, Nipuna recorded revenues of US$20 million. The achievement of cash break-even by Nipuna in Q4 as per expectations is encouraging and points towards enhanced profitability in 2007. Revenue guidance for 2007 stands at US$36 million, representing an annual growth rate of 80 percent.

Nipuna also successfully added one of the world's leading research companies in its KPO vertical. The company is consistently growing its competencies in areas like healthcare, insurance, art work management, IT help desk, finance and accounts, animation, customer contact, KPO and data management areas. It has also set up a third facility in Chennai focused on animation and other verticals.

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