Patni Computer Systems Ltd. (Patni) (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is one of the leading global providers of Information Technology services and business solutions. Over 14,500 professionals service clients across diverse industries, from 27 sales offices across the Americas, Europe and Asia-Pacific, and 22 Global Delivery Centers in strategic locations across the world.
Highlights – Fourth Quarter 2009
- Revenues for the Quarter at US$ 170.2 million (Rs.7,896.1 million)
- EPS for the quarter at US$ 0.31 per share (US$ 0.63 per ADS).
- Net Income for the quarter at US$ 40.5 million (Rs.1,878.4 million)
- Revenue concentration of Top 10 customer also reduced sequentially to 50.9% from 51.4% in Q3.
Highlights – Full Year 2009
- Revenues for the year at US$ 655.9 million (Rs.30,434.6 million) , down 8.8 % compared to US$ 718.9 million (Rs. 34,923.4 million) for the previous year.
- EPS for the year at US$ 0.93 per share (US$ 1.86 per ADS) as compared to US$ 0.75 per share (US$ 1.50 per ADS) of the previous year.
- For the year Net income higher by 18.1% at US$ 119.8 million (Rs.5,557.8 million) against US$ 101.4 million (Rs.4,927.0 million) for 2008.
First Quarter & Full Year 2010 Outlook
The Company is providing the following guidance:
- Q1 CY2010 Revenues are expected to be at US$ 170 million to US$ 174 million
- Net Income (Excluding the hedging Gain/Loss) is expected to be in the range of US$ 28 million to US$ 29 million
http://www.patni.com/financial-results/2009-q4-results.aspx