India

Satyam wins work for $250 mn

Satyam and its employees have had some real bad year. So its nice when some nice news appears from somewhere. Here is something that will definitely push their spirits up: Satyam has gotten contracts – over half of it from new ones – worth $250 mn. Some is new work and some are extensions. For example, there is a deal for $50 million – single order.. and then lots of small ones.

It seems that the CEO AS Murthy and the new board with Kiran Karnik as the Chairman of the Board, things are doing much better.

Do you think Satyam would bounce back?

1. Satyam bags orders worth $250 mn

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Desh Kapoor

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4 thoughts on “Satyam wins work for $250 mn”

  1. There is no doubt in my mind that Satyam will bounce back. And the proof of the pudding is in the 250 million dollars work orders that it has bagged since the scam broke. True, that there have been few clients who have walked away butan equally strong number have embraced it, thereby showing faith in the down but not-out company.

    The strategic sale which is on the cards will only help Satyam tide over the immediate rough weather and then prepare it self for bracing the global meltdown like others on an equal footing.

  2. There is no doubt in my mind that Satyam will bounce back. And the proof of the pudding is in the 250 million dollars work orders that it has bagged since the scam broke. True, that there have been few clients who have walked away butan equally strong number have embraced it, thereby showing faith in the down but not-out company.

    The strategic sale which is on the cards will only help Satyam tide over the immediate rough weather and then prepare it self for bracing the global meltdown like others on an equal footing.

  3. there is still little skepticism about this news! company has not revealed who the client is and how many yrs contract is etc.

  4. there is still little skepticism about this news! company has not revealed who the client is and how many yrs contract is etc.

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