Patni Computer Q1 Net Profit Drops 13.6%

27% profit every 20 days?

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Patni Computer Systems Ltd (NYSE: PTI) reported a 13.6% decline in its Q1 standalone net profit. Patni Computer's quarterly net profit dropped to INR1.53 billion, versus INR1.77 billion in the year-ago period, based on Indian accounting standards. Its revenue climbed 4.5% y/y to INR5.35 billion from INR5.12 billion. However, expenses rose 7.6% to INR3.97 billion. Patni Computer shares closed at $19.53 yesterday.

27% profit every 20 days?

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