Satyam Computer 2007-2008 revenue to grow 28.3 to 29.7%, announces positive business outlook

Satyam Computer Services Ltd has announced the following Business Outlook: 1. For fiscal 2008, under US GAAP, revenue is expected to be between US$ 1.96 bn and US$ 1.98 bn, implying a growth rate of 34.0% to 35.5% over fiscal 2007. Basic earning per ADS for fiscal 2008 is expected to be between US$ 1.17 and US$ 1.19, implying a growth rate of 28.3% - 29.7% over fiscal 2007.

2. Corresponding revenue growth under Indian GAAP consolidated is expected to be between 21.1% and 22.5%. EPS for the full year is expected to be between Rs 24.14 and Rs 24.46, implying a growth rate of 12.5% - 14.0%.

3. For Q2 FY 2008, under US GAAP, revenue is expected to he between US$ 477.2 mn and US$ 479.4 mn, implying a growth rate of 5.5% to 6.0%. Basic earning per ADS for Q2 08 is expected to be US$ 0.26.

4. For Q2 FY 2008, under Indian GAAP consolidated, corresponding revenue growth rate is expected to be between 4.7% and 5.2%. EPS for the Quarter is expected to be between Rs 5.36 and Rs 5.41.

Source : Equity Bulls

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