Patni Computer Systems Limited (Patni) (BSE: 532517, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices, including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices. With an employee strength of around 14,000; multiple global delivery centers spread across 14 cities worldwide; 28 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 656 million for the year 2009.

Performance Highlights for the quarter ended June 30,2010

• Revenues for the quarter at US$ 167.6 million (Rs.7,776.3 million)
o Down 2.8% QoQ from US$ 172.3 million (Rs.7,745.4 million)
o Up 3.5% YoY from US$ 161.9 million (Rs.7,729.1 million)
o Revenue concentration of Top 10 customers remained flat at 48.6% from 48.7% in previous quarter.
• Operating Income for the quarter at US$ 31.5 million (Rs.1,461.4 million)
o Down 13.0% QoQ from US$ 36.2 million (Rs.1,627.0 million)
o Up 29.8% YoY from US$ 24.3 million (Rs.1,158.3 million)
• Net Income for the quarter at US$ 31.7 million (Rs.1,473.0 million)
o Down 4.7% QoQ from US$ 33.3 million (Rs. 1,497.1 million)
o Up 10.7% YoY from US$ 28.7 million (Rs.1,368.5 million)
• EPS for the quarter at US$ 0.24 per share (US$ 0.49 per ADS)

Future Outlook

• Q3 CY2010 Revenues are expected to be at US$ 176 million to US$ 177 million and Net Income (Excluding the hedging Gain/Loss) is expected to be in the range of US$ 22.5 million to US$ 23.0 million

http://www.patni.com/media/533286/Patni_Q2_2010_PressRelease.pdf