Dalal Street

Satyam Computer Services reported a net profit of Rs 394 crore in fourth quarter ended March 2007 compared to Rs 337.23 crore in the third quarter ended December 2006, a sequential growth of 16.92%. Its revenues increased 7.09% to Rs 1779 crore from Rs 1,661.12 crore.

For FY-2007, Satyam’s net profit jumped 40.12% to Rs 1375.93 crore from Rs 981.93 crore in the previous year. Its revenues rose 35.31% to Rs 6484 crore (Rs 4792.59 crore).

For the year ended March 2007, the group posted a net income of $ 298.4 million compared to $ 249.4 million for the year ended March 2006. Revenues have increased from $ 1096.3 million for the year ended March 2006 to $ 1461.4 million for the year ended March 2007.

Satyam Computer Services has given revenue growth guidance of 20.1 – 22% to Rs 7793 – Rs 7916 crore for FY-2008, and EPS growth of 19.26 – 21.1% to Rs 25.32 – Rs 25.73.

Wipro reported Q4 net profit of Rs 856 crore versus Rs 765 crore in previous quarter, a growth of 11.84%. Its revenues has increased by 8.89% to Rs 4333 crore (Rs 43.33 billion) from Rs 3979 crore (Rs 39.79 billion). Profit After Tax (PAT) grew by 42% YoY to Rs. 29.42 billion (Rs. 2,942 Crore)

Revenues of their combined IT businesses crossed the landmark of USD 3 billion in annual revenue. Wipro’s Global IT business crossed the Rs 100 billion mark and grew 38% to Rs 110.95 billion (Rs. 11,095 crores). The Enterprise Solutions Business in Global IT Services segment crossed USD 1 billion of annual revenue and Finance Solutions Business crossed USD 500 million.

Suresh Senapaty told,

In the last one-year, we won about ten USD 50 million accounts and the kind of pipeline we are seeing and the initiative we have taken in terms of large deals and also the initiative we are taking in Canada, in terms of an investment, all of them are showing up in the results. We would look forward to much more of that coming through in 2007-08. So overall, 2007-08 looks very exciting for us.

The company expects to grow 20-22% in the next 2 years.

Essel Group sources just a while ago informed us that they have raised Rs 445 crore to help fund expansions of group companies Dish TV India and Wire and Wireless India.

The company has placed 3.84 crore shares (9%) of newly-listed direct-to-home broadcaster Dish TV with institutional investors. Dish TV had listed at Rs 120 on debut on Wednesday, closing trade at Rs 102.55, after it was spun off from top listed media firm Zee Entertainment Enterprises.