Satyam & Pegasystems Expand Partnership; Establish First-of-its-Kind Pega BPM Center of Excellence in Malaysia

Satyam Computer Services Ltd on March 27, 2008 has announced the establishment of a Pega Business Process Management Center of Excellence (CoE) at its 2000-seat Global Solutions Center (GSC) at Cyberjaya, Malaysia. Satyam teamed with US-based business software maker, Pegasystems Inc., (NASDAQ: PEGA) to create the facility.

Satyam will leverage the capabilities of Pegasystems SmartBPM® Suite to drive business agility, grow revenue, and improve productivity for its global customers. Pega, the market leader in BPM software, introduced its latest version of SmartBPM in February at Gartner's BPM Summit in Las Vegas.

The CoE will develop unique frameworks and methodologies to implement BPM solutions featuring Pega. These will result in speedier, more flexible options that will facilitate development, testing, implementation, and maintenance. In addition, customers of Satyam and Pega-some of the most sophisticated organizations in the world-will gain the agility to respond rapidly to changing market conditions.

"Pega continues to drive the BPM market with its robust products and innovative ability to bring competitive advantage to its customers," said Sriram Krishnan, senior vice president of Satyam's Consulting and Enterprise Solutions Practice. "The new capabilities for capturing business requirements directly in the tool are revolutionary, and significantly increase the efficiency with which applications are delivered. These capabilities also reflect business objectives more accurately. We are pleased to launch the Pega BPM CoE, and look forward to implementing these robust applications for our customers."

Satyam has had a global strategic partnership with Pegs since 2003, and provides consulting and implementation services on SmartBPM, notably design and delivery of industry solutions for insurance, healthcare, banking, and financial services customers.

Satyam also helps Companies use the tool to create horizontal business solutions for key processes; integrated Pegs solutions with SOA, ECM, and EAI technologies; and compliance solutions for fraud detection, anti-money laundering, and Sarbanes-Oxley. The organization provides full architecture, design, and delivery of Smart Pega applications by leveraging its methodologies and design principles for reuse, and to provide onsite-offshore delivery through a team of more than 500 BPM consultants.

"Satyam has consistently proven itself to be a reliable, scalable partner in delivering Pega solutions to our joint customers. This investment by Satyam further complements our growth plans for Asia", said Luke McCormack, Managing Director of Asia Pacific for Pegasystems. "Satyam's rapid ability to embrace new technologies and quickly leverage these industry advances to benefit its customers is the essence of a mature consulting and systems integration Company. We are proud of our longstending relationship with Satyam."

In addition, establishment of the CoE is evidence of Satyam's commitment to making Malaysia a software development hub. These efforts support Satyam's Global Delivery Model 2.0 (GDM), an integral part of its strategy to provide a distributed delivery capability for global customers via an alternative, multi-country workforce.

"Pega is one of our key practice partners and we are pleased to have them join our Malaysia GSC, a strategic part of our global delivery model," said Virender Aggarwal, Satyam's director and Senior vice president, Asia Pacific, Middle East, India, and Africa.

Specifically, Aggarwal said, Satyam has "leveraged Malaysia's world-class infrastructure to build a pool of impressive IT talent since 2001. Today, we have approximately 500 associates in the GSC, two-thirds of whom are Malaysians. The rapid strengthening of our Malaysian operations has bolstered our GDM and in turn, our international expansion. Pega will benefit similarly from its participation."

"We are delighted that Satyam is committed in its quest to grow its Global Solutions Center here in Malaysia, said "Multimedia Development Corporation (MDeC) CEO Dato' Badlisham Ghazali. "Satyam has always had a key presence in MSC Malaysia, and MDeC will continue to support Companies that show confidence in the country. We hope to provide the capacity and capability to meet to the very high standards of the Pega BPM CoE, so that it can deliver high-quality service to its clients globally."

Moreover, Aggarwal said, Satyam is committed to growing its presence in Malaysia as it embarks on an aggressive expansion initiative. "We plan to make Malaysia our largest software development hub outside of India over the next few years."

Byrraju Foundation & Satyam Make Tele-medicine Available to Millions

Satyam Computer Services Ltd has announced that its global healthcare practice, working with the Byrraju Foundation, has implemented a program to provide tele-electrocardiograms (ECGs) to patients in remote areas of the country who would otherwise have no access to such care. Launched late last year, the program already covers some 3.5 million people in rural villages across India, and is delivered through the Byrraju Foundation's Ashwini Centers, local facilities that provide high-quality healthcare, education, agriculture, and job training for villagers. In the past, patients would have had to travel to a city, at great cost, to receive an ECG or imperil their health by not having one at all.

"With this capability, we're able to treat many more patients from a central location", said Dr. Arun Kumar, "and it's become much easier for village clinics to identify patients who require immediate care."

As a provider of integrated, end-to-end healthcare solutions, Satyam was able to deliver a system that effectively and affordably operates in areas with minimal communications and computing infrastructure, providing complete clinical functionality. SN lnformatics, a technology alliance member in the project, provided its software for free.

"As a non-profit organization, we are always conscious of creating self sustainable, cost-effective models," said Byrraju Foundation Lead Partner V S N Raju. "Satyam has helped us in identifying and implementing scalable and affordable technology that meets our needs."

The program, which was started on October 02, 2007, enables patients in rural villages to have an ECG conducted at a local Aswini clinic while doctors at hospitals such as Narayana Hrudayalaya (NH) in Bangalore offer immediate interpretation, as well as teleconference consultations. The first service was provided in Jinnuru Village and has since spread to 30 of the Byrraju Foundation's 32 Ashwini centers. As of late January, already 2,878 interpretations had been recorded. Of those, 576 patients were referred to a physician for further investigation and 18 required immediate medical attention.

Satyam's global healthcare practice provides telemedicine, emergency management, EHR, EMR and portal solutions to physicians, hospitals, and research facilities worldwide. Among other projects, Satyam is currently working with the Canadian government and has established the Satyam IEHR Centre Canada at Mohawk Applied Research Centre for Health Informatics to develop an Interoperable Electronic Health Records (iEHR)-Reference Implementation, which prototypes advanced data interoperability standards for the country. Satyam is also working on an EHR implementation for the National Department of Health in the Republic of South Africa. "Satyam is ahead of the curve in areas like Emergency Management Solutions and we are seeing a lot of interest in our EHRs and Telemedicine solutions, said Prasad Dindigal, VP and Global Head of Healthcare Provider at Satyam. "Our strategy is to focus on integrated healthcare by bridging the gaps that exist today, as we did with the tele-ECG, and create interoperability between systems to provide solutions that benefit the populace at large."

Satyam to Become First Indian Company to List on Three Major Stock Exchanges

Satyam Computer Services Ltd on January 22, 2008 has announced that its intention to list its American Depository Shares (ADS) on Euronext in Amsterdam.

With the Euronext listing, Satyam will become the first Indian Company to list on three major exchanges around the world, making it a truly globally-tradeable entity. The announcement was made by Satyam chairman Mr. Ramalinga Raju at the first-ever opening bell-ringing ceremony the National Stock Exchange (NSE) here. Other Satyam board members and leaders were present at the ceremony.

"It is indeed an honor to be the very first Company to ring the opening bell at the NSE and to inaugurate this prestigious way of being recognized as a leading Company. The fact that this event also commemorates our imminent listing on Euronext makes it even more prestigious for us. A Euronext listing is a significant and exciting move for the Company, reinforcing our position as a global organization," Mr. Raju said. "Europe is a dynamic and growing market for Satyam and our listing will demonstrate our continued and growing commitment to the region," he added.

Satyam will also be the first Company to list its existing ADSs on Euronext using the exchange's Fast Path application, a means of expediting the cross-listing of non-European Union-based Companies that are already listed on the NYSE. This initiative provides Satyam the means to directly access a larger pool of capital, and gives investors across the EU the opportunity to directly invest in Satyam through a local exchange.

The NYSE, Euronext and NSE are affiliated entities. Upon listing on Euronext, Satyam establishes its association with all three exchanges under one group, and strengthens its presence in three important markets.

'Listing with Euronext will provide numerous benefits to the exchange's customers, and to
Satyam's investors. In addition to making investing in Satyam easier, it enables extended trading. That is, investors can purchase stock on Euronext and sell it on the NYSE the same day," added Raju.

Satyam Computer Acquires Bridge Strategy Group

Satyam Computer Services Ltd on January 21, 2008 has announced that it has entered into a definitive agreement to acquire Bridge Strategy Group, a Chicago, III-based management consulting firm. In making the $35 million, all-cash purchase, Satyam significantly reinforces its strategy consulting and business transformation capabilities.

"Bridge Strategy Group is a highly respected organization that is well known for its exceptional professionals and its acumen in seven key industries," said Satyam Founder & Chairman, B Ramalinga Raju. "By absorbing the Company, we gain an immediate influx of 36 brilliant and experienced strategy consultants, most of whom are alumni of the world's best strategy consulting firms and business schools. We also significantly bolster our ability to provide the entire spectrum of services to global customers. At the same time, Bridge Group clients gain access to Satyam's world-class business process and technology skills and global resources."

Bridge Strategy, which was founded in 1998, earned $17 million in revenue last fiscal year. It develops profitable growth, operations design, performance improvement, and execution strategies for clients of varying size. It also boasts a strong thought leadership focus, and is committed to helping its clients "rapidly improve their business performance."

Numerous factors make the acquisition ideal for Satyam, Raju said. The organization's strategy, when purchasing other companies, is to:

- Add higher value service offerings
- Bridge competency gaps
- Enhance leadership capabilities
- Add sound and significant customer relationships
- Strengthen the brand

"Bridge Strategy does all of the above," he said. "With its experts as part of our team, Satyam will deliver superior, end-to-end transformational solutions with even greater speed and efficiency. As we deepen our relationships with longstanding customers, they expect us to provide highly strategic counsel. We are now more able to accommodate that demand."

For their part, Bridge Strategy professionals look forward to helping their new colleagues create more complete solutions for global clients.

While Bridge Strategy will continue to serve clients in the US, Satyam's largest and most mature market, its services will be made available to Satyam clients worldwide via Satyam's advanced global delivery model.

Sheridan, the current president of Bridge Strategy, will assume the role of CEO for the unit after the acquisition, and will report to Satyam Co-founder & CEO, Rama Raju, who will also serve as chairman of Bridge Strategy Group. All current partners and staff are expected to remain with the unit.

For the foreseeable future, Bridge Strategy will operate as a fully owned subsidiary of Satyam, and maintain its name and brand. Plans to seamlessly integrate the firm into Satyam's global network of capabilities are under way, and initially focus on defining go-to-market strategies and value proposition and competency development.

Satyam Business Outlook

Satyam Computer Services Ltd has announced the following Business Outlook:

1. For fiscal 2008, under US GAAP, revenue is expected to be between US$ 2,119 mn and US$ 2,122 mn, implying a growth rate of 45% to 45.2% over fiscal 2007. Basic earning per ADS for fiscal 2008 is expected to be US$ 1.27, implying a growth rate of 39.6% over fiscal 2007.

2. Corresponding revenue growth under Indian GAAP consolidated is expected to be between 29% and 29.2%. EPS for the full year is expected to be Rs 25.5, implying a growth rate of 18.9%.

3. For Q4 FY 2008, under US GAAP, revenue is expected to be between US$ 594 mn and US$ 597 mn, implying a growth rate of 5.6% to 6.1%. Basic earning per ADS for the quarter is expected to be US$ 0.36.

4. For Q4 FY 2008, under Indian GAAP consolidated, corresponding revenue growth rate is expected to be between 5.3% and 5.8%; EPS for the Quarter is expected to be between Rs 7.23.

Satyam Q3FY08 Results

Satyam Computer Services Ltd has announced the following Audited results for the quarter ended December 31, 2007:

The Company has posted a profit after taxation of Rs 4410.00 million for the quarter ended December 31, 2007 as compared to Rs 3433.00 million for the quarter ended December 31, 2006. Total Income has increased from Rs 16046.00 million for the quarter ended December 31, 2006 to Rs 21792.70 million for the quarter ended December 31, 2007.

The Unaudited Consolidated results as per Indian GAAP are as follows:

The Group has posted a Profit after taxation & minority interest as per Indian GAAP of Rs 4336.30 million for the quarter ended December 31, 2007 as compared to Rs 3372.30 million for the quarter ended December 31, 2006. Total Income has increased from Rs 16712.90 million for the quarter ended December 31, 2006 to Rs 22660.50 million for the quarter ended December 31, 2007.

The Unaudited Consolidated results as per US GAAP are as follows: (US $ million)

The Group has posted a Net Income of $ 109.7 million for the quarter ended December 31, 2007 as compared to $ 71.1 million for the quarter ended December 31, 2006. Revenues have increased from $ 375.6 million for the quarter ended December 31, 2006 to $ 562.9 million for the quarter ended December 31, 2007.

Satyam unveils STB solution at CES

Satyam Computer Services Ltd, on January 09, 2008 has announced that it has released an enhanced version of its Set Top Box (STB) middleware framework at the International Consumer Electronics Show (ICES) here. The new framework enables manufacturers of STBs, devices that transform external signals into content delivered via a television screen, to offer a rich variety of features and functions via a standard "plug-and-play" middleware platform. As a result, these organizations can target segments of the STB market more quickly and accurately, and bring more competitive products to these segments faster, and at lower costs.

The Company's flexible framework supports satellite, cable, terrestrial, and Internet protocol STBs. It also features robust application programming interface support, and is technology agnostic. "Moreover, it boasts a long list of features, including PVR, twin-tuner support, DVB / ATSC compliance, and MPEG-2/H.264 standard support.

"Our enhanced STB solution reflects the marketplace's desire for fast, flexible solutions," said TSK Murthy, head of Satyam's Integrated Engineering Solutions group. "It is a strong example of our team's ability to deliver broad and deep engineering innovation and provide comprehensive, integrated life-cycle support."

Satyam - Greenplum Partnership

Satyam Computer Services Ltd has informed that, Greenplum, a leading provider of database software for business intelligence, and the Company on January 07, 2008 has announced a global solutions partnership to combine Satyam's reach and expertise in delivering business intelligence (BI) solutions with Greenplum's innovative database software.

With this partnership, Satyam is building a dedicated practice around Greenplum technology which involves integration of Greenplum Database into iDecisions™ for Revenue Intelligence & Assurance for the telecom industry. Satyam’s iDecisions™ for Revenue Intelligence & Assurance is a technology framework to help telcos effectively Identify and plug revenue leakage.

A prominent Sun reseller, Satyam will also resell and provide implementation and support services for the Sun Data Warehouse Appliance powered on Greenplum. The Sun Data Warehouse Appliance integrates Greenplum's massively parallel, shared-nothing database with general-purpose servers and storage from Sun to enable unmatched load and query performance for business intelligence workloads.

"Greenplum Database provides our client with fast performance and massive scalability, at a lower cost than traditional solutions," said Victor Samuel, Head, Global Alliances, Satyam BI & DW Practice. "Greenplum Database also offers us the flexibility and openness to tailor solutions to individual clients or build solutions for particular markets."

Satyam sets up Process Manufacturing Center

Satyam Computer Services Ltd, on December 21, 2007 has announced that the Company will be setting up a Process Manufacturing Innovation Center of Excellence (PROMICE) at Hyderabad to help process manufacturing Companies fully exploit advances in information technology — especially in the areas of product & process innovation — to achieve new levels of sustainable competitive advantage.

With its emphasis on adaptive manufacturing and other state-of-the-art engineering capabilities, the new facility is another step in Satyam's ongoing initiative to make India a global R&D leader in the Process manufacturing industry. In addition, it demonstrates the organization’s commitment to collaborating with clients and institutional partners to develop leading-edge solutions. Already, Satyam services several top global companies in Steel, Chemical, Glass, Food, Pharmaceuticals and Cement Industries.

The Company's Process Manufacturing Innovation Center of Excellence will create solutions and intellectual property through a new Facility to be set in Hyderabad. This will provide exceptional business value to its global customers, while enhancing the organization’s competency in its process manufacturing business unit. Hyderabad provides a perfect setting for industry and institutes to come forward to collaboratively develop IT-based solutions for the process manufacturing industry.

"We are partners with leaders in the Industry, as well as premier academic Institutions like Purdue University, ISB and Industry associations like CII in India end others across the globe", said Subu D, Director & Senior Vice President, Satyam Manufacturing and Automotive Business. "As a result, we will offer Innovative solutions using a highly collaborative environment which will provide our process manufacturing clients the expertise, speed, precision and agility they need to stay ahead in their market segments,"

The Hyderabad PROMICE will feature latest technology infrastructure and highly qualified technology & domain experts. It will have virtually simulated factories for each of major 10 process industry verticals viz. Metals & Mining, Building materials Pulp & paper, Textiles, Food & Beverages, Leather, Plastics, Rubber, Chemicals, and Pharmaceuticals.

The simulation & Virtual reality facility will reduce risks, while expediting time to market and ensuring return on Investment. For example, an enhancement or improvement in manufacturing process design can be visualized in real time in the facility which will significantly reduce risks, lead Limes, effort, and cost.

"The mantra in the process industry today is Innovation. Satyam’s process manufacturing practice integrates in-depth knowledge of technology platforms with an extensive understanding of process manufacturing industries and develops Solutions using Technology to address that need," Subu added.

Satyam to launch SaaS for SMEs

Satyam Computer Services Ltd (Satyam) has announced that the Company is all set to launch the next Generation Enterprise Applications Delivery Model: Software as a Service (SaaS) for SMEs. SMEs are among the fastest growing segments in a developing economy and have a critical impact on regional dispersal of industries, promoting entrepreneurship and employment generation. The contribution of SMEs has been remarkable in the development of the Indian IT economy.

SaaS brings several advantages to SMEs, such as, low upfront investment, predictable maintenance costs, lower customization, leaner IS staff and, scalable. service level / usage.

Mr. Subu D, Director & Senior Vice President, Satyam Manufacturing and Automotive Business, said, "This model, called Software as a Service (SaaS), is an up coming development abroad, where Companies pay for IT systems based on usage, just like they pay for utility services like electricity and telecom. Satyam views this model as a perfect fit for the needs of SMEs in India and has plans to encourage this model among SMEs, allowing an affordable end predictable monthly payment scheme, with low initial investment which makes it simple and hassle free to use".

Satyam is partnering with NASSCOM and FAPSIA in the initiative to promote IT Adoption among SMEs in Hyderabad. Satyam will provide its web based Enterprise Application Platform (EAP) for use by SMEs to run business operations like Sales, Purchase, Production, Shipment, Finance and Accounts.

Mr. Subu D said "Satyam would be responsible for end-to-end implementation of the entire program, whereby it would provide the Application Platform, host and maintain it, and also provide end-user helpdesk support."

"The SMEs will only need an Internet connection and a browser to plug in and operate the system. This would allow them a minimal investment in terms of hardware, support software, application licenses, etc. required to implement a Business System." he added.

For this initiative, Satyam plans to share its rich international experience in IT systems implementation to benefit the Indian SMEs and promote their adoption of IT. The SMEs in turn will have access to Satyam's pool of technical talent which has served over 170 Fortune 500 Companies globally.

Satyam tie-up with Cisco

Satyam Computer Services Ltd has announced to collaborate with Cisco to explore a new venture that will optimize, deploy and manage solutions for handling medical distress solutions and health management solutions for global markets. Cisco has announced a $100 venture programme targeting the Indian innovation.

B. Ramalinga Raju, chairman and founder of Satyam and John Chambers, chairman and
CEO of Cisco made the announcement during the inauguration of Cisco’s Globalization
Center East campus in Bangalore.

Satyam has deep expertise in Integrated Health Solutions and has developed a health IT framework — "Distress to Discharge" (D2D™ and has proven implementation methodologies. The Integrated Health Solution provides individuals with access to first response, professional healthcare advice and support, with rapid access to trained medical experts either at designated local health centers or over a fixed / mobile phone infrastructure.

"Valuing and caring for life is a fundamental part of our society and has driven our social responsibility efforts. Collaborating with Cisco will help us in taking our services across the world sooner and faster. Our ultimate aim is to ensure easy access and healthcare services to the needy, across the world," said Raju.

Satyam has more than a decade of experience in delivering solutions to the healthcare industry, and will continue to focus directly on this market. Now, working in collaboration with Cisco, the development of a transformational business model reinforces the collective vision of both Companies to service healthcare needs by effectively leveraging technology, process and domain expertise.

The program is designed to work in tandem with logistics and medical healthcare support provided by local government agencies or private entities to create a complete solution. In this services-led solutions-oriented architecture, Cisco's technologies will work in an integrated way with Satyam's processes and Software Application to support this important service.

Satyam has customized its Software Applications with the integration of Cisco Unified Communication system and Cisco Unified Contact Center which makes the services more citizen-friendly and effective. Taking advantage of the network as a platform for delivering managed services will also help to build a model that can be replicated across even the neediest parts of the world. The elegance of this model lies in its modularity and the scalability that internet protocol (IP) supports, together with a robust process framework which will help enable services to be rolled out in a phased manner globally.

Satyam to operate Basel SAP system

Satyam Computer Services Ltd has announced that the Basel, Switzerland-based Ciba Specialty Chemicals has selected Satyam to help operate a single, global SAP system to support its business worldwide.

During the five-year engagement, Satyam Will help Ciba establish a cost-efficient platform that will service the chemical Company's businesses at defined levels and facilitate future IT and process enhancements. Some specific objectives Satyam will help Ciba achieve include a scalable and flexible allocation of IT resources, access to best practices and new technologies, and fast, low- cost service delivery. Satyam also will streamline SAP integration.

Satyam has delivered more than 640 SAP projects since 1999, and features the largest SAP practice in Asia. On this project, it will provide numerous SAP services from Basel, Singapore, the United States, and India. The integrated support team will feature experts from Satyam working with their Ciba counterparts in Basel.

"We are pleased to work with Ciba, and look forward to applying our SAP capabilities and chemical industry expertise to support a single, integrated, and reliable system for its global business," said Dr. Keshab Panda, SVP, Director and Head of Satyam's Europe Operations. "Satyam has a successful track record co-developing SAP solutions with customers—and their entire ecosystems—to optimize business impact. We are committed to helping Ciba leverage its IT platform to enhance a broad range of its business processes and operate its business more effectively. In addition, we will do so rapidly."

Satyam Computer Services agreement with Fujitsu

Satyam Computer Services Ltd has announced that the Company has signed an agreement with Fujitsu Services to provide IT services to Reuters as part of a 10-year, $1 Billion Internal information systems transformation programme. This deal will deepen the Company's relationship with Reuters as it will extend the range of services currently offered.

Under the 10-year contract, the Company will be extending its support and development of a large number of core applications, as well as providing managed infrastructure services for desk side support, a global Network Operations Centre and Remote Infrastructure Management. The provision of support and services will be extended across 17,500 Reuters employees based in over 100 countries.

The Company has been a premier service provider delivering key services to Reuters for over six years. Under the new contract the Company will now provide some of its services to Reuters via Fujitsu, rather than directly. These services will be delivered from its current Reuters Offshore Delivery Centre in Hyderabad as well as from a new centre in Chennai.

The Company was awarded the contract, by Fujitsu Services based on its commitment to innovation and its ability to provide increased efficiencies and additional economic value.

"This is one of the largest multi-year deals signed by Satyam. It is secured on the back of deep and long-term customer relations", commented Dr. Roger Newman, Head of the Company's TIMES business verticals in Europe. "We believe that this will deliver substantial benefit to both Reuters and Fujitsu and serve as a model for similar deals in the future."

Satyam Guidance

Satyam Computer Services Ltd has announced the following Business Outlook :

1. For fiscal 2008, under US GAAP, revenue is expected to be between US$ 2.07 bn and US$ 2.08 bn, implying a growth rate of 41.5% to 42.0% over fiscal 2007. Basic earning per ADS for fiscal 2008 is expected to be US$ 1.24, implying a growth rate of 36.0% over fiscal 2007.

2. Corresponding revenue growth under Indian GAAP consolidated is expected to be between 26.3% and 26.7%. EPS for the full year is expected to be between Rs 25.0 and Rs 25.1, implying a growth rate of 16.5 % - 17.0%.

3. For Q3 FY 2008, under US GAAP, revenue is expected to be between US$ 538.0 mn and US$ 540.6 mn, implying a growth rate of 5.6% to 6.1%. Basic earning per ADS for Q3 08 is expected to be US$ 0.31.

4. For Q3 FY 2008, under Indian GAAP consolidated, corresponding revenue growth rate is expected to be between 3.6% and 4.1%; EPS for the Quarter is expected to be between Rs 6.18 and Rs 6.21.

Satyam Q2 Results

Satyam Computer Services Ltd has announced the following Audited results for the quarter ended September 30, 2007:

The Company has posted a profit after taxation of Rs 4171.50 million for the quarter ended September 30, 2007 as compared to Rs 3223.40 million for the quarter ended September 30, 2006. Total Income has increased from Rs 15658.40 million for the quarter ended September 30, 2006 to Rs 20564.40 million for the quarter ended September 30, 2007.

The Unaudited Consolidated results as per Indian GAAP are as follows:

The Group has posted a Profit after taxation & minority interest as per Indian GAAP of Rs 4090.90 million for the quarter ended September 30, 2007 as compared to Rs 3198.10 million for the quarter ended September 30, 2006. Total Income has increased from Rs 16301.10 million for the quarter ended September 30, 2006 to Rs 21422.60 million for the quarter ended September 30, 2007.

The Unaudited Consolidated results as per US GAAP are as follows: (US $ million)

The Group has posted a Net Income of $ 101.90 million for the quarter ended September 30, 2007 as compared to $ 65.50 million for the quarter ended September 30, 2006. Revenues have increased from $ 352.00 million for the quarter ended September 30, 2006 to $ 509.60 million for the quarter ended September 30, 2007.

Satyam Computer Services Ltd

Satyam Computer Services Ltd on September 27, 2007, has announced that the launch of a new solutions center in Brisbane's Central Business District. The facility will support Queensland-based clients across various IT platforms with an emphasis on enterprise application-based solutions. The facility reflects the Company's commitment to the Australian market (the Company has development centers in Melbourne and recently launched a regional solutions hub in North Sydney adding up to over 7,500 square meters) as well as its continuous efforts to bolster its Virtual Global Delivery Model.

B. Rama Raju, the Company's co-founder and managing director, officially opened the new facility at a ceremony attended by several senior Satyam clients, and officiated by Anita Nayar, India’s Consul General.

"Satyam is already well established in Australia and today's announcement reinforces our ongoing commitment to collaborating with customers-wherever they need us-to transform their organizations," Raju said. "The Brisbane facility will generate world class ICT solutions and offer the same expertise and project management capabilities as our other solution centers across the globe. Moreover, it will enable Satyam to meet specific regional requirements of our Queensland-based clients and help them excel in a competitive national business environment. It clearly demonstrates our willingness to adjust our delivery models to align with our customers needs."

The Brisbane development center will serve local government, finance, and insurance clients, while addressing other sectors, including mining. In addition, a significant proportion of Satyam's Australian development will also take place at the new facility, primarily the development of future enterprise applications for both Australian and multinational clients. The center currently employs 40 professionals and expects to employ another 50 professionals in the near future.

Today, the Company has a diverse workforce of over 1200 associates serving Australia out of which over 800 are based in Australia. The Company has laid major emphasis on local employment generation and today over 42% of associates in Australia are local nationals. Apart from hiring experienced local professionals the Company is working closely with Australian Computer Society (ACS) to foster interest back in IT amongst Australian youth. Towards this initiative the Company has offered scholarships to about 100 associates; many of the university students are already enjoying the benefits of this scholarship and are currently getting trained in India to the same exact standards and training that the Company's Indian engineers go through in the Company's campuses. These young graduates after their training will come and form part of Satyam's Australia’s team. Some of these engineers who attended training in India last year are already working with its clients in Australia.