Report of a Foreign Private Issuer — Form 6-K Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 6-K Satyam Computer Services Limited HTML 285K
2: EX-99.1 EX-99.1 Press Release of the Company, Dated July HTML 29K 18, 2008, Concerning Financial Results
3: EX-99.2 EX-99.2 Summary of Financial Results of the HTML 124K
Company, Dated July 18, 2008.
4: EX-99.3 EX-99.3 Investor Link News Update of the Company HTML 175K
Dated July 18, 2008.
5: EX-99.4 EX-99.4 Unconsolidated/Standalone Financial HTML 414K
Statements for the Quarter Ended June
30, 2008 as Per Indian Gaap (Audited).
6: EX-99.5 EX-99.5 Consolidated Financial Statements for the HTML 420K
Quater Ended June 30, 2008 as Per Indian
Gaap (Unaudited).
7: EX-99.6 EX-99.6 Consolidated Financial Statements for the HTML 629K
Quarter Ended June 30, 2008 as Per Ifrs
(Unaudited).
8: EX-99.7 EX-99.7 Consolidated Financial Statements for the HTML 376K
Quarter Ended June 30, 2008 as Per Us
Gaap (Unaudited).
EX-99.1 — EX-99.1 Press Release of the Company, Dated July 18, 2008, Concerning Financial Results
Satyam Posts 43% Revenue Growth and 45% Profit Growth in First Quarter
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FY2009 Revenue Now Estimated at $2.65 to $2.69 Billion
HYDERABAD, India, July. 18, 2008—Satyam Computer Services Ltd. (NYSE:SAY), a leading business and
information technology services provider, today announced the audited results of the company for
the quarter ended June 30, 2008 (Q1).
Consolidated Indian GAAP Highlights
•
Revenue was Rs. 2620.8 crore; a year-over-year increase of 43.2% and a sequential
increase of 8.5%.
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Volume growth for the quarter was 3.01%.
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Net Profit after Tax was Rs. 547.7 crore; a year-over-year increase of 44.8% and a
sequential increase of 8.5%.
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EPS was Rs. 8.16; a year-over-year increase of 43.9% and a sequential increase of
17.1%.
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EBITDA margin for the quarter was 24.1%.
US GAAP Highlights
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Revenue was US$637.3 million; up 40.9% year-over-year and 3.9%, sequentially.
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Net Income was $126.6 million; a year-over-year increase of 36.0% and a sequential
increase of 12.7%.
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Basic earning per ADS for the quarter was US$0.38, an increase of 35.7% year-over-year
and 11.8% sequentially.
•
Operating margin (EBIT) was 21.0%.
“We remain alert to market dynamics and continue to focus on delivering rapid and significant
benefits to our customers,”said B. Ramalinga Raju, Satyam’s founder and chairman.
Other Highlights
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The company ended the quarter with 46,620 associates, an addition of 651. Total
employees, including subsidiaries and joint ventures, is 51,643.
•
Attrition, on a trailing 12-month basis, fell to 12.6% from 13.1% in Q4.
“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,”said Satyam Chief Financial Officer Srinivas Vadlamani.
Business Outlook
•
For fiscal 2009, under US GAAP, revenue is expected to be between US$2.65 billion and
US$2.69 billion, implying a growth rate of 24.0% to 26.0% over fiscal 2008. Basic earning
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 to Rs. 32.35, implying a
growth rate of 26.1% to 28.2%.
•
For Q2, under US GAAP, revenue is expected to be between US$645.6 million and US$651.9
million, implying a growth rate of 3.5% to 4.5%. Basic earning per ADS for the quarter is
expected to be US$0.35*.
•
For Q2, 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 to 7.78.
Key Business Achievements
Satyam added 34 new customers in the quarter. The company 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’s recently absorbed strategy arm, Bridge Strategy Group, helped a US-based electric utility
with an acquisition, due diligence and integration planning of a regional utility with more than 1
million customers. The combined entities will form one of the strongest utilities in the US
Midwest.
Bridge Strategy Group helped a global services provider identify the largest and most profitable
market segments to target. It is also helping the company develop and market customer-centric
solutions, such as Consumer versus Commercial, across different geographies.
A global oil and gas company engaged Satyam to deploy and execute numerous applications after an
acquisition, including sales order management and depot management systems. Satyam also hosted SAP
systems in its data center during the program, ensuring streamlined absorption into the new
company.
Satyam is implementing numerous Oracle modules, including a significant Oracle Transportation
Management program, and providing engineering services for an industrial equipment manufacturer.
Programs include standardization of: a standard Oracle 11i template; a process for cross-enterprise
transportation and compliance procedures; and an electronic locking system design.
A team of financial services experts helped a global investment management firm 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. It then participated in program and project management,
among other tasks, throughout the engagement.
Satyam is leveraging its full suite of end-to-end offerings to design a complete avionics system
for a new generation of planes for a global avionics manufacturer. The Aircraft Data Acquisition
and Recording System project calls for a line replaceable unit and a complete avionics system that
comply to FAA standards.
Satyam helped a leading consumer packaged goods firm 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. The team also managed a
regression testing engagement for an SAP rollout in 10 European countries.
Satyam executed a portfolio of critical enterprise applications projects for a video gaming leader.
The team helped develop a new project delivery model that aligns business with IT more closely and
results in significant cost, schedule and quality improvements.
Banking experts are customizing and implementing a treasury management system to automate a large
Indian bank’s treasury operations. The system will enable the bank to close all trades accurately,
reduce turnaround time and comply with local reporting requirements.
A team from Satyam is helping a Middle Eastern telecom by supporting Oracle Finance and Oracle HR
implementation in 17 African countries. The telecom aims to gain competitive edge by ensuring
dynamic workforce management and strategic decision making.
Key Q1 Awards and Recognitions
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,
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 as ‘Challengers’ in Gartner’s Magic Quadrant for Business Intelligence and
Performance Management
Satyam was positioned in the “Challengers” quadrant of Gartner’s “Magic Quadrant for Business
Intelligence and Performance Management Services, North America — May 30, 2008.” 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, its business process outsourcing (BPO) arm, 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.
Satyam BPO Wins 2 Consecutive Six Sigma IQ Excellence Honors
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.
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About Satyam
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.
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.
# # #
This announcement is not an offer of securities for sale in the United States. Securities may not
be offered or sold in the United States absent registration or an exemption from registration. Any
public offering of securities to be made in the United States will be made by means of a prospectus
that may be obtained from Satyam and that will contain detailed information about Satyam and its
management, as well as financial statements.
Dates Referenced Herein and Documents Incorporated by Reference
