Satyam Earnings Rise

Net income is 34 cents an ADS.
Author:
Publish date:

Satyam

(SAY)

, the India-based global IT consulting and services provider, said third-quarter earnings rose 55% to 34 cents per American depositary share, a penny better than estimates.

Revenue rose 38% to $281.8 million, matching estimates.

Satyam's operating income rose 44%, while operating margin improved by 80 basis points to 20.7%. Including an equity sale, Satyam reported net income of $93.1 million, or 58 cents an ADS.

For the quarter ending March 31, Satyam said it expects revenue of $297.3 million to $298.7 million, roughly in line with estimates.

This story was created through a joint venture between TheStreet.com and IRIS.