Ramalinga Ramalinga Raju, Founder & Chairman, Satyam Computers
2. Nov 2007 04:20, sonu42IIPM PUBLICATION
However,
of late there has been some change in the kind of feeling that you could sense in the Satyam stretch – a feeling of fear brought in by the very thought of being thrashed ‘heavy and big time’ by IT majors like Infosys, Tata Consultancy Services and Wipro Technologies, in the fast and high profile IT race. So for now, the beauty of surroundings appears faded the moment you imagine the corporation being reduced to shambles by the other strong and consistently performing competitors. To make matters worse for Satyam, even market watchers have cast a shadow of doubt keeping the Satyam stock in mind. And why not? Satyam has disappointed one and all with its results for the fiscal year ended 2007. The company’s net profit for the financial year 2006-07 amounted to just Rs.14.05 billion. And despite this looks appreciable considering that the entity managed to grow the figure by an energy-packed 43.1% over the previous financial year, compare the numbers to that of Infosys’ profits of Rs.38.5 billion (growth of 56.6%), TCS’ with profits of Rs.42.13 billion (growth of 42%) and Wipro’s with profits Rs.29.17 billion (growth rate of 44%), and you’d understand why the market didn’t raise a toast to its annual result announcement. For Complete IIPM Article, Click on IIPM Article Source : IIPM Editorial, 2007
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