Patni Computer Systems Limited (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 13 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 March 31, 2010

1. Revenues for the quarter at US$ 172.3 million

• Up 1.3% QoQ from US$ 170.2 million
• Up 10.0% YoY from US$ 156.7 million
• Constant currency Revenues up 1.9 % for the quarter
• Revenue concentration of Top 10 customers reduced sequentially to 48.7% from 50.9% in previous quarter

2.  Operating Income for the quarter at US$ 36.2 million

• Up 8.7% QoQ from US$ 33.3 million
• Up 126.6% YoY from US$ 16.0 million
• Forex gain for the quarter US$ 4.8 million, up 49% QoQ

3.  Net Income for the quarter at US$ 33.3 million

• Down 17.7% QoQ from US$ 40.5 million
• Up 13.1% QoQ from US$ 29.4 million (Excluding extra ordinary items)
• Up 122.7% YoY from US$ 15.0 million

4.  EPS for the quarter at US$ 0.26 per share (US$ 0.52 per ADS)

Future Outlook

• Q2 CY2010 Revenues are expected to be at US$ 171 million to US$ 172 million and Net Income

http://www.patni.com/media/504594/Patni_Q1_2010_PressRelease.pdf