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Satyam Computer Q2 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 8:42 PM ET November 12 2008


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Satyam, the fourth largest software service exporter from India reported second quarter net revenues gain of 29% to $652 million from a year ago and earnings per ADS of 39 cents. The company guided earnings growth in the third quarter to rise between 17.6% and 20%.

 
Thank you, Mr. Deshpande. The next question is from the line of Ritesh Rathod from UTI Mutual Funds, please go ahead.

Ritesh Rathod – UTI Mutual Funds

Hello sir, can you just put some more light on the domestic employee numbers? It has been volatile for past two or three quarters.

Ramalinga Raju

No, it is basically; as you know the domestic employee number these are kind of need based because we will be kind of shifting the people from domestic to offshore and all that. So, it is basically on need basis, we will be having employees there.

Ritesh Rathod – UTI Mutual Funds

Okay and how far utilization can go upside given the current new number of hours as you are taking into consideration?

Ramalinga Raju

Right now, this quarter we are at around 76% offshore including trainees. Yeah anywhere between 75% to 80% I think is ideal range.

Ritesh Rathod – UTI Mutual Funds

Okay and how much is the percentage of USD-Australian Dollar contribution to the overall currency mix?

Ramalinga Raju

7% to 8%.

Ritesh Rathod – UTI Mutual Funds

Okay, thanks that’s all from my side.

Ramalinga Raju

Thank you.

Operator

Thank you, Mr. Rathod. The next question is from the line of Santhana Krishnan from Spark Capital, please go ahead.

Santhana Krishnan – Spark Capital




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