Satyam Targets Firms And Banks

28 Apr 2008 | Print | Digg! Digg IT! | del.icio.us del.icio.us | Permanent Link

Satyam Computer Services Ltd, a leading global business and information technology (IT) services provider, is targeting big corporations via its global solutions centre (GSC) in Cyberjaya.

The GSC would service local and international customers, according to director and vice president for Asia Pacific, Middle East, India and Africa, Virender Aggarwal.

“Our Malaysian operations will be focusing on large companies and banks,” he told StarBiz via a conference call from Singapore to Hyderabad last week

Virender did not disclose the potential customers Satyam was targeting.

Launched last September, the GSC currently employs about 500 staff, mostly Malaysians.

Virender said Satyam would continue to recruit more local talents for its GSC.

“We have about 350 Malaysian engineers now and recruiting will continue into next year,” he said.

Virender oversees Satyam’s operations in the part of the region classified as “Rest of the World” (ROW), which includes Asia Pacific.

ROW contributes almost 20% to Satyam’s overall revenue. Just over 60% and 20% come from its US and European operations respectively.

According to Virender, Satyam’s Malaysian operations currently account for about 2% of ROW’s contribution.

“Contribution from Malaysia is relatively small. But to us Malaysia is a place to get work done and not necessarily a place to make a big amount of money,” he said.

The GSC serves Satyam’s Asean, Middle Eastern and American customers.

“We are also looking at doing more business processing outsourcing work because our Malaysian operations are involved in mainly IT work now,” Virender said.

He also said Malaysia had good economic growth and was cost effective to conduct business compared with the neighbouring countries.

“We are definitely looking to push more work into Malaysia,” Virender said.

Satyam, meanwhile, hit a milestone when it recorded revenue of US$2.13bil for the financial year ended March 31. Its revenue grew 46.3% while net profit surged 39.7% to US$417mil compared with US$298mil previously.

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