Mahindra Satyam posts Q4 profit

IT firm Mahindra Satyam on Thursday reported a net profit of Rs 534.21 crore for the fourth quarter ended 31 March 2012. The city-based company had posted a net loss of Rs 327 crore in the January-March period of 2011.

The company's income from operations during the quarter stood at Rs 1,666 crore as compared to Rs 1,375 crore for the same period last fiscal. For the full year ended 31 March 2012, Mahindra Satyam has registered a net profit of Rs 1,306 crore as against a loss of Rs 1,472 crore in 2010-11.

The attrition level improved to 15 per cent in the January-March quarter. 'Our results in the past three years and the current quarter are a vindication of our growth strategy and fighting spirit of the team Mahindra Satyam despite uncertainties in the global market,' Mahindra Satyam chairman Vineet Nayyar said. 
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