Satyam net spurts
MUMBAI: Satyam Computer Services Ltd has reported a 137 per cent jump in net profit for first quarter ended June 1998 to Rs 15.28 crore as against Rs 6.43 crore during the corresponding period last year. During the period the company's revenue went up to Rs 78.78 crore from Rs 29.54 crore during the first quarter of last year, showing an increase of 167 per cent. The company's earnings per share on an annualised basis stood at Rs 23.50 as against Rs 9.90 during the corresponding previous quarter. During the period, business from North America accounted for 79.7 per cent of the total turnover and the share of business from Y2K projects was 29.9 per cent of the turnover. Offshore business contributed over 75 per cent of the total turnover while the rest came from onsite development.Pentafour
MUMBAI: Pentafour Software & Exports Ltd has reported a 47.2 per cent jump in net profit for the first quarter ended June 1998 to Rs 21.11 crore (Rs 14.34 crore). Turnover during theperiod went up by 67.62 per cent to Rs 95.78 crore (Rs 57.14 crore). According to a press statement issued by the company, its order book is at $73.5 million for multimedia projects and at $71.5 million for general software all of which will be executed in 20 months.
Bharti Telecom
MUMBAI: The appellate authority in the finance ministry has rejected C Sivasankaran-controlled Sterling Horticulture and Research Ltd's (SHRL) appeal against Sebi's order which had directed the company to make an open offer to shareholders of Bharti Telecom Ltd.
Meanwhile, Bharti Enterprises and Bharti Global have already taken their stake in Bharti Telecom to 89 per cent.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
