SEC Info - Satyam Computer Services Ltd - ‘6-K’ for 6/30/08

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		Alternative Formats (Word, et al.) Awards & Recognition Business Highlights Business Outlook Chairman's Message Financial Highlights -- IFRS Financial Highlights -- US GAAP Ifrs Indian GAAP Consolidated Balance Sheet Indian GAAP Consolidated P&L Indian GAAP Standalone Balance Sheet Indian GAAP Standalone P&L Operational parameters for Q1, Fiscal 2009 Subsidiaries and Joint Ventures Table of Contents Us Gaap
1	1st Page - Filing Submission
"	Table of Contents
"	Chairman's Message
"	Indian GAAP Consolidated P&L
"	Indian GAAP Consolidated Balance Sheet
"	Indian GAAP Standalone P&L
"	Indian GAAP Standalone Balance Sheet
"	Financial Highlights -- US GAAP
"	Financial Highlights -- IFRS
"	Subsidiaries and Joint Ventures
"	Business Outlook
"	Awards & Recognition
"	Business Highlights
"	Operational parameters for Q1, Fiscal 2009

Exhibit 99.3

Investor Link
July 18, 2 0 0 8

Business Outlook

	•		For fiscal 2009, under US GAAP, revenue is expected to be between US$ 2.65 bn and US$ 2.69 bn, implying a growth rate of 24.0% to 26.0% over fiscal 2008. Basic earnings per ADS for fiscal 2009 is expected to be between US$ 1.45 and US$ 1.48*, implying a growth rate of 16.0 % to 18.4% over fiscal 2008.

	•		Corresponding revenue under Indian GAAP consolidated is expected to be between Rs 11,181 crore and Rs 11,363 crore, implying a growth rate of 32.0 % to 34.1 % over fiscal 2008. EPS for the full year is expected to be between Rs. 31.83 and Rs. 32.35, implying a growth rate of 26.1 % to 28.2 %.

	•		For Q2 FY 2009, under US GAAP, revenue is expected to be between US$ 645.6 mn and US$ 651.9 mn, implying a growth rate of 3.5 % to 4.5 %#. Basic earnings per ADS for the quarter are expected to be US$ 0.35*.

	•		For Q2 FY 2009, under Indian GAAP consolidated, corresponding revenue is expected to be between Rs 2,743 crore and Rs 2,769 crore, implying a growth rate of 4.7 % and 5.7 %; EPS for the quarter is expected to be between Rs. 7.71 and 7.78.


*		Excluding Fringe Benefit Tax (FBT) on ESOPs

#		Growth rate is after adjusting Q1 2009 revenue for US$ 13.5 mn due to foreign exchange fluctuation arising out of prevailing US GAAP standards. Unadjusted growth rate is 1.3% to 2.3%

Consolidated Indian GAAP Highlights

The highlights of the results for the quarter under Indian GAAP Consolidated basis are:

	•		Revenue was Rs.2620.8 crore; a YoY increase of 43.2% and a sequential increase of 8.5%.

	•		Net Profit after Tax was Rs. 547.7 crore; a YoY increase of 44.8% and a sequential increase of 17.3%.

	•		EPS for Q1 2009 was Rs. 8.16; a YoY increase of 43.9% and a sequential increase of 17.1%.

	•		EBITDA margin for the quarter was 24.12%

US GAAP Highlights

The highlights of the results under US GAAP are:

	•		Revenue was US$ 637.3 mn; up 40.9 % YoY and 3.9 % sequentially.

	•		Net Income was $ 126.6 mn; YoY increase of 36.0 % and a sequential increase of 12.7 %.

	•		Basic earnings per ADS for the quarter was US$ 0.38; increase of 35.7 % YoY and up 11.8 % sequentially.

	•		Operating margins (EBIT) for the quarter was 21.0%.

Other Highlights

	•		The parent company ended the quarter with 46,620 associates, an addition of 651 associates including 161 trainees for Q1 09. The number of associates including the subsidiaries and joint ventures stood at 51,643

	•		Attrition on a trailing twelve-months basis fell to 12.6 % from 13.1 % in Q4 FY08. Annualised quarterly attrition for the quarter stood at 10.95 %

	•		34 Customers added during the quarter

“Satyam forged ahead during the first quarter, despite difficult economic environments in key markets. Our focus on transformation initiatives is finding greater acceptance from customers enhancing our ability to garner a higher share of their spend.”


		— Ramalinga Raju, Founder and Chairman

“Improved operational efficiency, better cost management and a favorable foreign exchange environment have helped us revise our fiscal 2009 EPS growth guidance upwards to 28% from 19% given earlier.”


		— V. Srinivas, CFO

Q1 Table of Contents


Chairman’s Message			2
Indian GAAP Consolidated P&L			3
Indian GAAP Consolidated Balance Sheet			4
Indian GAAP Standalone P&L			5
Indian GAAP Standalone Balance Sheet			6
Financial Highlights — US GAAP			7
Financial Highlights — IFRS			8
Subsidiaries and Joint Ventures			9
Business Outlook			9
Awards & Recognition			10
Business Highlights			11
Operational parameters for Q1, Fiscal 2009			12

Chairman’s Message

Dear Investor,

During the first quarter of Fiscal 2009, Satyam achieved an annual revenue run rate of Rs. 10,000 crore. In Q1, we grew by 8.5% as per Indian GAAP. We were able to deliver this performance on the back of 3% volume growth, helped, in part, by rupee depreciation. This, along with sustained operational efficiency, led to an increase in operating margins in Q1, which we believe will bolster annual margin performance.

Our US GAAP revenue for the quarter was $637 million, a growth of 41 percent year over year, and a sequential growth of 4 percent. Our earnings per ADS was 38 cents.

In Q1, we hosted more than 200 customer executives from around the world at our Customer Summit. We were encouraged by their positive inclination towards Satyam’s transformational capabilities and we are pleased to note that many of them are aligned to enter into long-term, sustainable partnerships.

Q1 also witnessed increased business activity in Asia Pacific and Middle East. Further, companies in Europe that were slow to embrace off shoring are showing increasing interest to capitalize on our global delivery model. These regions continue to promise significant growth going forward.

Against the backdrop of a better margin performance and prevailing forex rates, we are revising our guidance for FY09. Consolidated Indian GAAP revenue is expected to grow between 32.0% and 34.1% and EPS is expected to grow by 26.1% to 28.2%.

We remain positive and confident about our ability to deliver the stated guidance, notwithstanding the operational environment. For instance, in Q1, we had a loss of animation business in BPO, which led to lower-than-expected growth. Despite this, we delivered 3% volume growth. We believe that this loss of business was transient, and is limited to Q1.

We are yet to see clear and consistent signals emanating from the banking and financial service sector, which continues to be fluid. Moreover, the U.S.economy has been impacted by high energy costs and rising inflation. This impacts sectors such as retail and transportation, where there is greater need for higher operational efficiency in the near term. This we believe provides a fertile ground for transformational opportunities. This is especially true when near-term benefits can be demonstrated—although such projects require longer cycle times due to the cautious nature of the market. We remain alert to these market dynamics and continue to focus on delivering high impact and significant benefits to our customers. We are pleased with our ability to respond to these opportunities with our extended capabilities due to our recent acquisitions, such as Bridge Strategy Group and Nitor Global Solutions. In Q1, these efforts helped Satyam win three large deals. We were also, in specific instances, able to garner a higher share of our customer spending, which is reflected in the increase in customers with a run rate of $1 million, $5 million and $10 million.

We are encouraged by the continued demand in Enterprise Applications market where we enjoy a dominant position. This coupled with our investments in enhancing our global foot print and global delivery centers positions us better to deal with the current volatility in the market.

Finally, on the manpower front, attrition continues to trend downward; our annualized attrition for the first quarter was among the lowest in the industry at 10.95%. At the same time, our associate numbers have increased to 51,643, as of June 30th.

Financial Highlights — Indian GAAP Consolidated
Profit and Loss Account Summary for the quarter ended


In Rs. crore, except per share data
							Growth over						Growth over
							June						March
	June						2007 Quarter			March			2008 Quarter
	2008			2007			(%)			2008			(%)


Income
Services
— Exports		2,542.81			1,776.94			43.10			2,350.55			8.18

— Domestic		78.02			53.25			46.52			65.47			19.17

Total Services Income		2,620.83			1,830.19			43.20			2,416.02			8.48

Expenditure
Personnel Expenses		1,541.21			1,106.18			39.33			1,469.93			4.85
Cost of Software & Hardware sold		0.26			0.25			4.00			0.71			(63.38	)
Operating and Administration Expenses		447.09			313.47			42.63			394.73			13.26

		1,988.56			1,419.90			40.05			1,865.37			6.60


Operating Profit (EBITDA)		632.27			410.29			54.10			550.65			14.82

*EBITDA Margin*		*24.12*	%		*22.42*	%					*22.79*	%


Financial Expenses		5.74			3.32			72.89			4.57			25.60

Depreciation		46.70			38.69			20.70			43.53			7.28


Operating Profit after Interest, Depreciation & Miscellaneous Expenses		579.83			368.28			57.44			502.55			15.38

Other Income		33.12			63.20			(47.59	)		22.97			44.19

Profit Before Tax		612.95			431.48			42.06			525.52			16.64

Provision for Taxation		65.25			53.16			22.74			58.67			11.22

Profit After Taxation and Before Minority Interest		547.70			378.32			44.77			466.85			17.32

Minority Interest		—			—

Profit After Taxation and Minority Interest		547.70			378.32			44.77			466.85			17.32

Earnings Per Share — (Rs. per equity share of Rs. 2 each)
Basic		8.16			5.67			43.92			6.97			17.07

Diluted		8.00			5.53			44.67			6.82			17.30

No. of shares used in computing Earnings Per Share

Basic		671,378,359			667,398,284			—			670,207,831			—

Diluted		684,679,265			684,730,168			—			684,682,575			—

Q1: Performance against Guidance


	Parameters	Guidance		Actuals

Indian GAAP	Income from Software Services (Rs. crore)		2,500 to 2,512.5		2620.83

	EPS (Rs.)		7.64 to 7.68		8.16	*

US GAAP	Income from Software Services (USD Million)		631.7 to 634.8		637.30

	Basic EPADS (US $)		0.38		0.38	^#


*		EPS is after factoring in an exchange loss of Rs. 36.3 crore for the quarter

#		EPADS is after factoring in an exchange loss of US $ 8.8 million and US $ 2.2 million FBT on ESOPs for the quarter

Indian GAAP Consolidated

Balance Sheet as at June 30, 2008


In Rs. crore
	June 30				March 31
	2008		2007		2008

Sources of Funds
Shareholders’ Funds
(a) Share Capital		134.50		179.03		134.10

(b) Share Application Money, Pending Allotment		0.10		4.52		1.83

(c) Reserves and Surplus		7,702.60		5,974.07		7,103.27

		7,837.20		6,157.62		7,239.20

Loan Funds
(a) Secured Loans		215.65		178.50		216.65

		8,052.85		6,336.12		7,455.85


Application of Funds
Fixed Assets
(a) Gross Block		2,126.21		1,604.64		1,960.19

(b) Less: Depreciation		1,189.55		1,021.54		1,141.73

(c) Net Block		936.66		583.10		818.46

(d) Capital Work in Progress		558.19		296.26		460.95

		1,494.85		879.36		1,279.41


Deferred Tax Asset (Net)		91.44		41.34		87.18


Current Assets, Loans and Advances
(a) Inventories		0.03		0.04		0.09

(b) Sundry Debtors		2,785.54		1,857.73		2,370.28

(c) Cash and Bank Balances		4,852.13		4,092.79		4,502.42

(d) Loans and Advances		442.26		280.88		391.92

(e) Other Current Assets		324.18		116.56		272.50

		8,404.14		6,348.00		7,537.21


Less: Current Liabilities and Provisions

(a) Current Liabilities		1,331.66		497.53		897.71

(b) Provisions		605.92		435.05		550.24

		1,937.58		932.58		1,447.95


Net Current Assets		6,466.56		5,415.42		6,089.26

		8,052.85		6,336.12		7,455.85

Financial Highlights — Indian GAAP Standalone

Standalone Profit and Loss Account Summary for the quarter ended


In Rs. crore, except per share data
							Growth over						Growth over
							June						March
	June						2007 Quarter			March			2008 Quarter
	2008			2007			(%)			2008			(%)


Income

Services

— Exports		2,449.65			1,706.27			43.57			2,255.15			8.62

— Domestic		77.25			52.81			46.28			64.23			20.27

Total Services Income		2,526.90			1,759.08			43.65			2,319.38			8.95



Expenditure

Personnel Expenses		1,469.40			1,059.38			38.70			1,408.84			4.30

Operating and Administration Expenses		408.89			286.99			42.48			365.05			12.01

		1,878.29			1,346.37			39.51			1,773.89			5.89



Operating Profit (EBITDA)		648.61			412.71			57.16			545.49			18.90

*EBITDA Margin*		*25.67*	%		*23.46*	%					*23.52*	%



Financial Expenses		1.53			0.51			200.00			0.68			125.00

Depreciation		39.95			32.55			22.73			36.80			8.56



Operating Profit after Interest and Depreciation		607.13			379.65			59.92			508.01			19.51

Other Income		29.62			61.85			(52.11	)		18.46			60.46

Profit Before Tax		636.75			441.50			44.22			526.47			20.95

Provision for Taxation		60.84			52.36			16.20			58.02			4.86

Profit After Taxation (PAT)		575.91			389.14			48.00			468.45			22.94



Earnings Per Share — (Rs. per equity share of Rs. 2 each)

Basic		8.58			5.83			47.17			6.99			22.75

Diluted		8.41			5.68			48.06			6.84			22.95

No. of Shares used in computing Earnings Per Share

Basic		671,378,359			667,398,284						670,207,831

Diluted		684,679,265			684,730,168						684,683,919

Indian GAAP Standalone

Balance Sheet as at June 30, 2008


In Rs. crore
	June 30				March 31
	2008		2007		2008

Sources of Funds
Shareholders’ Funds
(a) Share Capital		134.50		133.53		134.10

(b) Share Application Money, Pending Allotment		0.10		4.52		1.83

(c) Reserves and Surplus		7,843.45		6,068.61		7,221.71

		7,978.05		6,206.66		7,357.64


Loan Funds
Secured Loans		28.93		17.91		23.67

		8,006.98		6,224.57		7,381.31


Application of Funds
Fixed Assets
(a) Gross Block		1,540.84		1,363.95		1,486.53

(b) Less: Depreciation		1,101.22		961.81		1,062.04
(c) Net Block		439.62		402.14		424.49

(d) Capital Work in Progress		556.80		293.38		458.63
		996.42		695.52		883.12


Investments		607.42		206.44		493.80


Deferred Tax Assets (net)		93.07		41.05		87.65


Current Assets, Loans and Advances
(a) Sundry Debtors		2,597.81		1,764.72		2,223.41

(b) Cash and Bank Balances		4,817.05		4,057.69		4,461.68

(c) Loans and Advances		462.28		291.70		400.20

(d) Other Current Assets		324.11		116.47		272.45

		8,201.25		6,230.58		7,357.74


Less: Current Liabilities and Provisions
(a) Current Liabilities		1,289.74		514.94		890.72

(b) Provisions		601.44		434.08		550.28
		1,891.18		949.02		1,441.00


Net Current Assets		6,310.07		5,281.56		5,916.74

		8,006.98		6,224.57		7,381.31

Financial Highlights — US GAAP
Unaudited Consolidated Statement of Operations Summary for the quarter ended


	In million US dollars, except per share data and as stated otherwise
							Growth over					Growth over
							June					March
	June						2007 Quarter		March			2008 Quarter
	2008			2007			(%)		2008			%

Revenues	$	637.3		$	452.3			40.9	$	613.3			3.9

Gross Profit	$	251.6		$	163.1			54.3	$	234.1			7.5

Operating Income	$	134.0		$	90.1			48.7	$	121.1			10.7

Operating Margin		21.03	%		19.92	%				19.75	%

Income Before Income Taxes, Minority Interest and Equity in Earnings / (Losses) of Associated Companies	$	140.2		$	104.9			33.7	$	125.5			11.7

Income Taxes	$	(13.7	)	$	(11.8	)		16.10	$	(13.3	)		3.0

Income Before Equity in Earnings / (Losses) of Associated Companies	$	126.5		$	93.1			35.9	$	112.2			12.7

Equity in Earnings / (Losses) of Associated Companies, net of taxes	$	0.1			—			—		0.10			0.0

Net Income	$	126.6		$	93.1			36.0	$	112.3			12.7

*Earnings Per ADS:**

Basic	$	0.38		$	0.28			35.7	$	0.34			11.8

Diluted	$	0.37		$	0.27			32.1	$	0.33			12.1

Weighted average number of ADS used in computing earnings per ADS (in millions)

Basic		334.60			332.55					333.40

Diluted		340.80			339.75					339.90


*		1ADS is equal to 2 shares

Reconciliation between Net Profit as per Indian GAAP Consolidated financials and US GAAP


							In million US $
	Quarter Ended June						Quarter ended
	2008			2007			March 2008
Profit as per Indian GAAP consolidated Financial Statements	$	131.8		$	92.1		$	117.6

Add / (Deduct)

1 .Stock-based Compensation	$	(0.9	)	$	(0.6	)	$	(0.6	)

2. Others, net	$	(4.3	)	$	1.6		$	(4.7	)

Net Income as per US GAAP Financial Statements	$	126.60		$	93.1		$	112.3

Financial Highlights — IFRS
Audited Consolidated Statements of Operations Summary for the quarter ended


	In millions of US dollars except per share data and as stated otherwise
							Growth over					Growth over
							June 2007					March 2008
	June						Quarter		March			Quarter
	2008			2007			(%)		2008			(%)

Revenues	$	637.3		$	452.3			40.9	$	613.3			3.9

Gross profit	$	253.4		$	163.4			55.1	$	237.8			6.6

Operating income	$	128.1		$	91.5			40.0	$	114.5			11.9

Operating Margin		20.10	%		20.23	%				18.67	%		—

Income before income taxes, minority interest and equity in earnings/(losses) of associated companies	$	143.1		$	107.1			33.6	$	130.4			9.7

Income taxes	$	(14.2	)	$	(12.0	)		18.33	$	(13.3	)		6.8

Income before equity in earnings / (losses) of associated companies	$	128.9		$	95.1			35.5	$	117.1			10.1

Net income	$	128.9		$	95.1			35.5	$	117.1			10.1

*Earnings per ADS:**

Basic	$	0.39		$	0.29			34.5	$	0.35			11.4

Diluted	$	0.38		$	0.28			35.7	$	0.34			11.8

Weighted average number of ADS used in computing earnings per ADS (in millions)

Basic		334.60			332.55					333.4

Diluted		340.80			339.75			—		339.9


*		1 ADS is equal to 2 shares

Reconciliation between Net Profit as per Indian GAAP Consolidated profits and IFRS


							In million US $
	Quarter Ended June						Quarter ended
	2008			2007			March 2008

Profit as per Indian GAAP consolidated Financial Statements	$	131.8		$	92.1		$	117.6

Add / (Deduct)

1. Stock-based Compensation	$	(1.3	)	$	(0.6	)	$	(0.7	)

2. Others, net	$	(1.6	)	$	3.6		$	0.2

Net Income as per IFRS	$	128.9		$	95.1		$	117.1

Subsidiaries and Joint Ventures
Quarterly Q1 FY09


	In Rs. Crore
Subsidiaries	Revenue		PAT

Satyam BPO		48.97		(21.90	)

Citisoft		23.02		(3.71	)

STI		0.42		(0.69	)

China		14.83		(5.95	)

Bridge Strategy Group		33.19		4.84

Joint Ventures

CA Satyam		1.10		(0.58	)

Satyam Venture		23.72		1.68

Business Outlook

Outlook is based on exchange rate of Rs.42.88/ US$
EPS and EPADS is based on basic number of shares / ADS

Q1 2009

Q2 2009

Growth

FY 2008

FY 2009

Growth

Indian GAAP
Consolidated Financials

Revenue (Rs. Crore)

2,621

2,743 to 2,769

4.7% to 5.7%

8,473

11,181 to 11,363

32.0% to 34.1%

EPS (Rs. per share)

8.16

7.71 to 7.78

-5.5% to -4.7%

25.24

31.83 to 32.35

26.1% to 28.2%

US GAAP

Revenue (US$ mn)

637.3

645.6 to 651.9

3.5% to 4.5%^$

2,138

2,651.5 to 2,694.0

24% to 26%

EPADS (US$ per ADS)#

0.38

0.35*

-7.90%

1.25

1.45 to 1.48*

16.0% to 18.4%

Average INR/US$ exchange rate

42.46

42.88

40.03

42.78


*		Excluding Fringe Benefit Tax (FBT) on ESOPs

#		1 ADS is equal to 2 shares

$		Growth rate is after adjusting Q1 2009 revenue for US$ 13.5 mn due to foreign exchange fluctuation arising out of prevailing US GAAP standards. Unadjusted growth rate is 1.3% to 2.3%

Awards & Recognition

Satyam’s Leadership Certification Process wins ASTD Award

Satyam earned the American Society of Training and Development’s (ASTD) Excellence in Practice Citation. Satyam was honored for its Full Life Cycle Leader Certification (FLCL) process, which equips new leaders with the right tools, skills and knowledge to complement the organization’s distributed leadership business framework.

Satyam Wins Two Computerworld Honors Program Awards

Both Satyam submissions to the 2008 IDG Computerworld Honors Program (CHP) received 21st Century Achievement Awards—the first time a submitting organization has had more than one winner. The Byrraju Foundation was honored for a program that delivers electrocardiograms to rural Indians, Emergency Management and Research Institute (EMRI) for its Call 108 service, a program based on emergency numbers such as 911 in the United States and 112 in Europe.

Satyam Positioned in Gartner’s ‘Challengers’ Quadrant for BI and PM

Satyam was positioned in the ‘Challengers’ quadrant of Gartner’s “Magic Quadrant for Business Intelligence and Performance Management Services, North America.” The report analyzes the market for BI and PM solution implementation services (in North America.)

Satyam honored as Microsoft Partner of the Year Finalist

Satyam was a finalist for a Microsoft Worldwide Partner of the Year Award for its Business Intelligence and Data Management Solutions. Finalists delivered exemplary solutions to customers and demonstrated significant customer impact, originality, effective time-to-market, deployment of advanced features, and the ability to optimize their use of Microsoft technologies to meet business needs.

Satyam BPO Ranked No. 2 Global BPO vendor

Satyam BPO has been ranked second among the world’s leading BPO vendors in Brown-Wilson Group’s Black Book of Outsourcing. Satyam BPO also ranked fourth on the Knowledge Process Outsourcing Vendors list. More than 4,000 organizations were evaluated in compiling the lists.

For the third consecutive year, Satyam BPO has been ranked among the top 10 in Brown-Wilson Group’s Black Book of Outsourcing. In 2007 and 2006, Satyam BPO had been ranked in several categories such as FAO, KPO and Energy and Utilities. It also won two prestigious Six Sigma IQ Excellence Awards—for Best Defect Elimination in Service & Transaction and Best Design for Six Sigma.

Business Highlights

Satyam endeavors to increase its footprint in new geographies while enhancing its capabilities in strategic industries and services. Several of our new Q1 engagements reflect this approach; they are summarized here.

	•		Satyam announced the successful go-live of the end-to-end enterprise data warehouse (EDW) implementation project for one of its strategic customers in the telecom space. The success through this engagement marks one of the first real enterprise data warehouse solutions built ground-up, and one of the largest and most complex data warehouse implementations in the world. Satyam undertook end-to-end planning and execution of this program, thereby generating immense business value for the customer.

	•		Bridge Strategy Group, a Satyam company, helped a US-based electric utility with an acquisition, due diligence and integration planning of a regional utility with more than one million customers. The acquisition will transform power utilities in the Midwest region of the US.

	•		Citisoft, a Satyam company, partnered one of the largest independent global investment management firms to frame the business drivers, vision and objectives for a Global Equity Platform (GEP) implementation project. The Satyam team proposed an equity systems model that highlighted advantages of a single equity platform and its potential cost savings.

	•		Satyam is leveraging its full suite of end-to-end offerings to design a complete avionics system for a new generation of planes. The Aircraft Data Acquisition and Recording System project calls for a line replaceable unit and a complete avionics system that comply with FAA standards.

	•		Satyam helped a global consumer packaged goods company analyze the process gaps in its efforts to establish a process framework for its global and regional IT ecosystem. The framework has increased reliability, process compliance and standardization of business processes.

	•		A leading Indian Bank has entrusted the task of customizing and implementing a treasury management system to automate the client’s treasury operations. The system will enable the bank to close all trades accurately, reduce turnaround time and comply with local reporting requirements.

	•		Satyam facilitated the strengthening of capabilities, brand and values of Loyalty Programs for the world’s leading Australian carrier. Satyam also enhanced their information capabilities to enrich the on-line shopping experience for their customers.

Satyam Named SAP Global Partner

SAP has named Satyam a Global Services Partner, a distinction that means the company helps Fortune 1000 companies reliably and rapidly implement SAP solutions and transform business processes. Satyam, with one of the world’s largest SAP practices, joins a select group of large consultancies in the partnership, which is designed to enhance customer investments in SAP solutions.

Satyam also earned an SAP Pinnacle Award in the Ecosystem Expansion Category. Pinnacle Awards are granted to leading SAP partners who have excelled at enhancing the customer experience and addressing critical issues, such as accelerating innovation and improving return on investment. Award recipients develop partnerships with SAP and mutual business by providing high quality products, solutions and services to customers.

Operational Parameters for Q1, Fiscal 2009
(Please note that all metrics are based on Indian GAAP Standalone numbers only)

A. Revenue Analysis

Analysis of Volume Growth (%)

Particulars

Q1 2009

Q4 2008

Q1 2008

Change in Volume (Total)

3.01

8.78

9.5

Break up of export revenue between offshore and onsite (%)


Location	Q1 2009		Q4 2008		Q1 2008		FY 2008
Offshore		52.66		52.68		51.96		51.84
Onsite		47.34		47.32		48.04		48.16

Total		100.00		100.00		100.00		100.00

Revenue by region (%)


Region	Q1 2009		Q4 2008		Q1 2008		FY 2008
America		60.32		60.62		61.71		60.17
Europe		20.65		20.69		20.1		20.58
Rest of World		19.03		18.69		18.69		19.25

Total		100.00		100.00		100.00		100.00

Revenue by service offerings (%)


Technology	Q1 2009		Q4 2008		Q1 2008		FY 2008
Application Development & Maintenance Services		44.63		44.37		43.7		44.02
Consulting and Enterprise Business Solutions		44.7		45.06		44.2		44.87
Extended Engineering Solutions		6.8		6.71		7.2		6.8
Infrastructure Management Services		3.87		3.86		4.9		4.31

Total		100.00		100.00		100.00		100.00

Revenue by line of business (%)


Line of business	Q1 2009		Q4 2008		Q1 2008		FY 2008
Banking, Financial Services & Insurance		21.38		21.84		23.75		22.87
Manufacturing		23.07		23.53		25.87		23.99
TIMES (Telecom, Infrastructure, Media, Entertainment, Semiconductor)		21.9		21.5		21.95		22.49
Healthcare & Pharma		7.06		7.08		8.03		7.73
Retail, Transportation & Logistics		10.46		9.59		6.9		8.4
Others		16.13		16.45		13.5		14.52

Total		100.00		100.00		100.00		100.00

Operational Parameters for Q1, Fiscal 2009 (contd.)

Revenue by contract type (%)


Contract	Q1 2009		Q4 2008		Q1 2008		FY 2008
Time & Material		66.97		67.19		67.91		67.64
Fixed Bid		33.03		32.81		32.09		32.36
Total		100.00		100.00		100.00		100.00

Changes in billing rates (%)


	For the Quarter
Particulars	Sequential		Year on Year		FY 2007
Onsite		-0.15		5.12		5.42
Offshore		-0.23		3.94		4.49

B. Associate Data

Location-wise break up of Associates


Particulars	Q1 2009		Q4 2008		Q1 2008
Onsite		9,497		9,391		7,635
Offshore		32,776		32,767		27,600
Domestic		1,594		1,121		1,121
Total Technical		43,867		43,279		36,356
Support		2,753		2,690		2,030
Total		46,620		45,969		38,386


Total number of associates including subsidiaries & joint ventures is 51, 643

Attrition(%)

Particulars

Q1 2009

Q4 2008

Q1 2008

Attrition rate (TTM)

12.58

13.09

14.9

Utilization/Loading rates (in %)


Particulars	Q1 2009			Q4 2008		Q1 2008		FY 2008
Onsite		96.51			97.33		96.19		96.89
Offshore		75.04	^#		85.6		79.92		82.86
Domestic		97.92			98.28		70.04		89.18
Offshore with trainees		73.66	^#		81.84		76.54		78.40


#		The base for computing offshore utilisation has been increased to 2,120 hours from 1,884 hours per annum effective Fiscal 2009. Using the old base, offshore utilisation is 84.4% and offshore utilisation with trainees is 82.9%

Operational Parameters for Q1, Fiscal 2008 (contd.)

C. Customer Information

Revenue contribution (in %)


Revenues from	Q1 2009		Q4 2008		Q1 2008
Top customer		4.45		4.51		5.66
Top 5 customers		19.11		18.99		21.08
Top 10 customers		30.6		30.85		34.35

Number of customers with annualized billing exceeding:


Revenues of	Q1 2009		Q4 2008		Q1 2008
US$ 1 million		237		230		190
US$ 5 million		93		85		65
US$ 10 million		52		50		36

Revenue from existing business and new business (%)


	Q1 2009		Q4 2008		Q1 2008
Existing business		93.03		93.39		89.48
New business		6.97		6.61		10.52
Total		100.00		100.00		100.00

Other Information


Particulars	Q1 2009		Q4 2008		Q1 2008
New customers added		34		32		29
Number of active customers		631		617		551
Receivable days		93		86		90


Total number of customers including subsidiaries is 670

About Satyam Computer Services Limited

Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 66* countries.

Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 51,643* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 670* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com.


*		As of June 30, 2008

Safe Harbor

This release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Satyam undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with our business, please see the discussions under the heading “Risk Factors” in our report on Form 6-K concerning the quarter ended December 31, 2007 furnished to the United States Securities and Exchange Commission on January 28, 2008 and the other reports filed with the Securities and Exchange Commission from time to time. These filings are available at www.sec.gov.

Contact Information

Anomitra Bhattacharyya
Mayfair Centre, S.P. Road, Secunderabad — 500 003.
Ph: +91-40-30654182 Fax: +91-40-27840058
Email: Investorrelations@satyam.com

This ‘6-K’ Filing	Date	Other Filings

Filed on:	7/25/08
For Period End:	6/30/08
	1/28/08	6-K
	12/31/07	6-K
		List all Filings

Satyam Computer Services Ltd – ‘6-K’ for 6/30/08 – EX-99.3

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EX-99.3 — EX-99.3 Investor Link News Update of the Company Dated July 18, 2008.
Exhibit Table of Contents

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Dates Referenced Herein and Documents Incorporated by Reference

Satyam Computer Services Ltd – ‘6-K’ for 6/30/08 – EX-99.3

On: Friday, 7/25/08, at 10:43am ET · For: 6/30/08 · Accession #: 1145549-8-1365 · File #: 1-15190

Previous ‘6-K’: ‘6-K’ on / for 4/28/08 · Next: ‘6-K’ on 10/24/08 for 9/30/08 · Latest: ‘6-K’ on / for 3/21/12

Report of a Foreign Private Issuer — Form 6-KFiling Table of Contents

EX-99.3 — EX-99.3 Investor Link News Update of the Company Dated July 18, 2008.Exhibit Table of Contents

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Report of a Foreign Private Issuer — Form 6-K
Filing Table of Contents

EX-99.3 — EX-99.3 Investor Link News Update of the Company Dated July 18, 2008.
Exhibit Table of Contents