Satyam Q3 net profit seen up at Rs 433.8 cr

Satyam Computers will announce its Q3 FY08 result. According to CNBC-TV18 estimates, the company is Q3 is expected to post net profit of Rs 433.8 cr versus Rs 409.1 cr, up 6.1% on YoY basis.

During the same period, the company's net revenue may go up by 6.1% at Rs 2155.7 cr vs Rs 2031.7 cr, YoY.

SATYAM Q3

Growth to be higher of 7-8%; higher than guided by Satyam (5.6% -6.1%)

Margins to expand as wage hikes would have been absorbed

Also helped by higher utilizations and price realization

Watch out for

• Management outlook for CY08 IT budget
• Impact of US economy on discretionary spending and IT budget
• Billing rate hikes witnessed in the quarter
• Employee additions during the quarter especially after the management upped its guidance in the past quarter (16,000- 17,000 gross addition for FY08E in Q2FY08 from 15,000-16,000 in Q1FY08)

Q3 Guidance

Revenue Seen At Rs 2104.8-2114.5 Cr, growth rate of 3.6% - 4.1%

EPS At Rs 6.18-6.21/sh; growth of 0.9% - 1.4%

Q3 Revenue Seen At $538-540.6 m, EPS At $0.31