India's Satyam Computer profit rises 17 pct, meets estimates

Newswire

BANGALORE, Oct 30 (Reuters) - India's Satyam Computer Services Ltd, in the process of a merger with parent Tech Mahindra Ltd, met expectations with a 17 percent rise in second-quarter profit, as customers, aiming to cut IT costs, gave it more orders. Profits for the September quarter rose to 2.78 billion rupees ($51.45 m illion) from 2.38 billion rupees in the year-earlier period, Satyam said in a statement on Tuesday. That compares with analysts' estimate of 2.73 billion ...

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