Mahindra Satyam 4Q
By Asha

Mahindra Satyam, a leading global consulting and IT services provider, has announced its audited consolidated financial results under Indian GAAP for the fourth quarter and year ended March 31, 2012.

Financial Highlights for the quarter ended March 31, 2012:

- Consolidated Revenues at Rs 1,666 crore, up 21% YoY
- EBITDA at Rs 292 crs, margins at 17.5%, up 132 bps QoQ
- PAT at Rs 534 crore, as compared to Rs 308 crore in the previous quarter
- EPS was Rs 4.5 per share in Q4

For the year ended March 31, 2012, revenues were Rs 6,396 crore, up 24% YoY

Total headcount stood at 33,353 as of March 31, 2012, a net addition of 1,073 QoQ and 4,087 YoY. Attrition improved to 15% in Q4FY12 as compared to 22% in corresponding quarter of last year.

Vineet Nayyar, Chairman, Mahindra Satyam, said, “We continue to make steady progress in our transformation journey. Our results for the past 3 years and the current quarter are a vindication of our growth strategy and the fighting spirit of team Mahindra Satyam. Despite the uncertainties in the global market, our team has proved its mettle through sustained volume growth, improved margins, key client additions and creation of innovative platform and offerings”