Satyam Reports Upbeat Q2 Profit

Satyam Computer Services Ltd

reported a 5.8% sequential increase in its Q2 net profit. Satyam's bottomline for the period gained to INR2.38 billion, versus INR2.25 billion, in the April-June period. Its revenue surged 10% from the prior quarter to INR15.78 billion. However, analysts were expecting a net profit of INR2.03 billion on revenue of INR15.32 billion. Satyam shares closed at $2.75 yesterday.