Thursday, February 2, 2012

Satyam Computer Services - Taking a breather? - Standard Chartered - Equity Bulls


Satyam Computer Services - Taking a breather? - Standard Chartered
Equity Bulls
- Reported US$ revenue came marginally below estimates; but higher INR realization pushed EBITDA margin (+87bp) and PAT (+29% qoq) ahead of expectations. - Volume moderation disappointed (-1% qoq vs. our +3% estimate); Satyam ascribed to seasonality in ...