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Satyam Earnings Rise

Net income is 34 cents an ADS.



, 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.

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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.

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