Beleaguered technology outsourcer Satyam Computer Services said its client base is strong but indicated that its liabilities could exceed Rs.11,000 crore, including current, contingent and acquisition related disputes, in its regulatory filing at the Bombay Stock Exchange, raising concerns among investors whether the Rs.2890 crore acquisition made by Tech Mahindra in April, following a lengthy bidding process, was justified.
On Tuesday, Satyam announced its financial results for the December quarter and for the months of January and Febraury and gave market analysts and investors a pleasant surprise by reporting net profits and operating margins for all the three periods that far exceeded their expectations.
In the regulatory filing, the company said outsourcing agreements with 23 of its clients, who contributed $70 million in the December quarter revenue, were either terminated or it was not renewed after expiry since the revelation of the fraud.
Related Websites -
Firefox Security Vulnerabilities. In the spirit of a fair look at Mozilla Firefox (after doing a bit of a roasting of IE's security), I've taken a look at Secunia's analysis of Firefox. Currently there are 3 unpatched vulnerabilities on Firefox. This is the summary graphic for what has been addressed since 2003. I......
-
Cleaner For Registry Errors The operating system of the computer has the registry at its core. Over time, the user will install and remove programs, always changing the registry contents. The registry can develop errors as it collects redundant and outdated files over time and it is necessary to fix them. If left alone,......
Related posts:
- Software Outsourcing to India backed by its strong Software Development History The use and relevance of Information Technology is growing day...
Related posts brought to you by Yet Another Related Posts Plugin.