Mahindra Satyam, a leading global consulting and IT services provider, today announced its audited consolidated financial results under Indian GAAP for the second quarter ended September 30, 2012.
Financial Highlights for the quarter ended September 30, 2012:
· Consolidated Revenues at Rs 1,938 crore, up 23{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} YoY
· EBITDA at Rs 417 crore, up 73{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} YoY, margin at 21.5{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3}
· PAT at Rs 278 crore, as compared to Rs 238 crore in the previous year
· EPS was Rs 2.36 per share in Q2
Financial Highlights in USD (per convenience translation)
· Consolidated Revenues at USD 354 million, up 3.5{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} QoQ
· EBITDA at USD 76 million
· PAT at USD 51 million
Other Highlights
· Total headcount stood at 36,787 as of September 30, 2012, a net addition of 791 QoQ
· IT Attrition improves to 13.1{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} in Q2FY13 as compared to 14.1{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} in last quarter
· Total Active clients stood at 363 on consolidated basis
· Cash and cash equivalent stood at Rs 3,062 crore as on September 30, 2012
Vineet Nayyar, Chairman, Mahindra Satyam, said, “Our strong focus on growth and operational efficiencies continue. Our strengths in certain key verticals and competencies combined with increasing client confidence helped us deliver on both revenue growth and operating margins.”
Speaking on the occasion, CP Gurnani, CEO, Mahindra Satyam, said, “With investments in new infrastructure, focus on strengthening industry partnerships and a lower than industry attrition, Mahindra Satyam is firing on all engines towards its next three year transformation journey. Our focus on traditional domains continue and greater investments are being made into NMACS as a step towards our future readiness”
Key Wins
· Awarded contract by a leading National Regulatory Authority in the area of Enterprise Business Solutions (EBS)
· Selected by a leading small aircraft manufacturing company for its SAP maintenance and support services
· Chosen by a leading Oil and Gas Exploration, Production and Transportation Company for implementation of its Geo Disaster Recovery system
· Awarded mobile testing and certification project in Collaboration with Tech Mahindra by a leading Japanese mobile manufacturer
Key Appointment
· Edward Pretty appointed as Chairman: Australia and New Zealand operations of Mahindra Satyam. The move is towards expediting rapid expansion and creating deeper relationships in the Australian, New Zealand and Asian markets
Partnership
· Partnered with IFS, the global enterprise applications company, for joint sales and marketing activities around the IFS Applications software suite as well as staff training. The companies will cooperate on a number of key market opportunities and are already working together on a number of large projects
Infrastructure
· Mahindra Satyam announced the commencement of construction of its IT Development Center during the Ground Breaking Ceremony in MIHAN SEZ, Nagpur. As part of Expansion Program, the company will setup up 1,000 seat capacity IT Development Centre with an initial investment of around Rs.80 cr. The Phase-I of the Campus would be operational within 15-18 months period and as per the Master Plan for expanding operations in Nagpur in a phased manner. Mahindra Satyam also announced its expansion at Bhubaneswar (Odisha) to expand the existing Campus.
Awards, References, New Product launches
· Wins the Frost and Sullivan 2012 APAC Best Practices award for “Excellence in growth” category
· Launched a new accelerated framework “Apparel & Fashion xPress” for Oracle Retail implementations. Apparel & Fashion xPress caters to specific business functionality requirements of Mid-market Fashion and Apparel Retailers in the areas of global sourcing and procurement
· Launched Motor Vehicle Enterprise Solution (MOVES) for modernizing Department of Motor Vehicles’ business operations in USA. MOVES addresses the needs of financially constrained state and local governments to move into the future with a proven software platform that not only delivers a better DMV customer experience but also reduces the risk of implementation
· Mahindra Satyam announced the global launch of its unique infotainment solution under the aegis of its “Connected Vehicle Concept”. While several players in this space have been focusing on bringing a standalone product offering to market, Mahindra Satyam with its proven expertise in Infotainment and Telematics has positioned itself as an end-to-end solution provider with this launch
· Launched business insights solution REIMS – Retail Enterprise Information Management System, which will enable global retailers improve decision-making processes. This would help retailers to swiftly identify the optimal courses of action to achieve their business objectives
· Launched HealthConnection™, a health insurance exchange (HIX) solution that complies with U.S.. Affordable Care Act requirements for establishing health insurance exchanges for businesses, employers and ind
