Mahindra Satyam Q1 revenues up 31 percent to Rs 1,880 crore

Telecom Lead India: Mahindra Satyam has reported 31
percent increase in revenues to Rs 1,880 crore for the first quarter ended June
30, 2012 as compared with the same period in 2011.

The company posted net profit of Rs 352 crore, as
compared to Rs 225 crore in the previous year.

Total headcount stood at 35,996 as of June 30, 2012, a
net addition of 2,643 q-o-q.

Mahindra Satyam said its attrition improved to 13.5
percent in Q1FY13 as compared to 17.3 percent in corresponding quarter of the
last year.

Vineet Nayyar, chairman, Mahindra Satyam, said that the
company has successfully ended its 3-year transformational journey, recording
progress on the back of strong fundamentals, focus and investments. Global
business realities continue to be unpredictable.

The first quarter was eventful for Mahindra Satyam.

Mahindra Satyam has bagged a five-year multi-million
dollar engagement with a low-cost airline in the Asia-Pacific (APAC) region to
provide Infrastructure management support.

The company was selected by a Middle East and Africa,
real estate developer for implementation for Oracle and Hyperion suites.

Mahindra Satyam will assist a Middle East-based
investment group has chosen Mahindra Satyam for its Oracle R12 implementation.

The merger of Tech Mahindra and Mahindra Satyam,
announced on March 21st, 2012, is progressing on schedule.

Mahindra Satyam, Tech Mahindra and CA Technologies
entered into a global partnership, through completion of a Global Framework
Agreement (GFA). The partnership facilitates provision of shared and managed
services to new and existing customers through a joint, strategic approach.
Further, Tech Mahindra and Mahindra Satyam established the Mahindra CA Research
centre at Pune which will enable co-innovation and delivery of joint offerings.

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