Spurt in Satyam Computer's Q1 net

HYDERABAD, JULY 11. Software major, Satyam Computer Services has posted an impressive growth of 141.15 per cent in its net profit in the first quarter ended June 30, 2001 as compared to the previous year's first three months. The company recorded a jump of Rs. 71.09 crores by registering a net profit of Rs. 121.46 crores as against the previous year's Rs. 50.37 crores.

Total income has gone up by Rs. 181 crores to Rs. 421.02 crores as against Rs. 240.72 crores in the previous year during the first quarter.

Income from software exports registered a growth of Rs. 171.63 crores with the current quarter figure showing Rs. 400.74 crores against Rs. 227.91 crores.

Total expenditure has gone up from Rs. 151.02 crores to Rs. 262.98 crores this quarter while the EPS (on par value of Rs. 2 per share) stood at Rs. 3.81.

The company raised Rs. 759.95 crores through American Depository Shares (ADSs). Each ADS is represented by two equity shares and the paid-up capital has increased by Rs. 667 lakhs. The company's ADS was listed on the New York Stock Exchange on May 15 last under the symbol `SAY'.

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Section  : Business
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