Mahindra Satyam, a leading global consulting and IT services provider, today announced its audited consolidated financial results under Indian GAAP for the third quarter ended December 31, 2012.
Financial Highlights for the quarter ended December 31, 2012
· Consolidated Revenues at Rs 1,940 crore, up 13{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} YoY
· EBITDA at Rs 418 crore, up 50{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} YoY; margin at 21.6{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3}
· PAT (before exceptional items) at Rs 374 crore, up 21{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} YoY and 35{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} QoQ
· One-time extraordinary item pertains to the Aberdeen UK claim settlement reached during the quarter
· PAT (after exceptional items) at Rs 80 crore
· EPS (before exceptional items) at Rs 3.18 per share in Q3
Financial Highlights in USD (per convenience translation)
· Consolidated Revenues at USD 356 million, up 9.6{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} YoY
· EBITDA at USD 77 million
· PAT (before exceptional items) at USD 69 million
· PAT (after exceptional items) at USD 15 million
Other Highlights:
· Total headcount stood at 36,956 as of December 31, 2012, a net addition of 169 QoQ
· Attrition stable at 13{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} in Q3FY13
· Active number of clients stood at 368 on a consolidated basis
· Cash and cash equivalent stood at Rs 3,311 crore as of December 31, 2012
Vineet Nayyar, Chairman, Mahindra Satyam, said, “With the settlement of the Aberdeen suit, the external litigation issues now stand concluded, freeing us to focus even more on the business-ready solutions for our customers. Revenue growth from different verticals reflects our proven capability to enable enterprises to be future ready”
Speaking on the occasion, CP Gurnani, CEO, Mahindra Satyam, said, “We continue to strengthen our industry and alliance partnerships and explore multiple avenues for growth, including M&As. The investments we have made to expand our capabilities, combining the strengths of Tech M and MSat, has helped us to build disruptive solutions for the Connected Enterprise of the future”
Key Wins
· Signs a 3 year Managed Services deal with a worldwide leader in new product development and medical education in orthopedics.
· Awarded a Application Development and Maintenance contract by a South African government department to render professional services
· Chosen by a leading Middle East and African petroleum marketing company for Oracle and Infrastructure support
· Won an Oracle and Hyperion implementation order from a market leading provider of banking software systems company based out of Continental Europe
· Won a multi-year multi-million Managed services contract from an existing customer; a leading worldwide leader in software, services and solutions an existing customer
Partnerships
· Integrated IT and Engineering services for Oil & Gas pipelines – Inked a global alliance with PL Engineering (PLE) in the space of O&G pipelines. PLE is the engineering arm of Punj Lloyd Group, a leading EPC player in Hydrocarbon, Power, Infrastructure and Defense sector. The Alliance involves co-innovating with PLE to build Pipeline Integrity Management Solution on Cloud Technology.
Awards, References, New Product launches
· Mahindra Satyam listed in the “Challengers Quadrant” in Gartner’s Magic Quadrant of Oracle Application Management Service Providers Worldwide
· Mahindra IT & Business Services ranked amongst the top 3 companies in KPMG’s Client Satisfaction Rankings across Europe.
· Mahindra Business Services Group listed as a “Niche Player” by Gartner in their 2012 Magic Quadrant for Customer Management Contact Center BPO, Worldwide.
· Mahindra Satyam was mentioned as a “Major Contender in Life Sciences” by Everest Group, an advisory and research firm on global services 2012 PEAK Matrix in its report “Life Sciences Application Outsourcing (AO) Service Providers’ Assessment”.
· Mahindra Satyam ranked among the Top 15 ITO and BPO providers in ISG’s 3Q12 TPI Index.
· Mahindra Satyam wins “IT Pride of Karnataka” award from Govt of Karnataka and STPI. The award was recognition of the firm’s contribution to the IT sector in Karnataka.
