Satyam stands to lose half its customers to rivals/competitors
Bangalore: Satyam Computer Services Ltd may lose as much as half its customers, some of them to its rivals such as Tata Consultancy Services Ltd (TCS), Infosys Technologies Ltd and Wipro Ltd, after a revelation by its chairman that the firm inflated revenue and profits for several years.
Tech Mahindra may evaluate telecom biz of SatyamSoftware company Tech Mahindra today said it may evaluate the telecom business of the Satyam Computer Services for acquisition. It said the interest areas for Tech Mahindra could be taking over the telecom contracts and the employees associated with the vertical.
Trusty Infosys Sitting PrettyWell regarded competitor likely to pick up clients from scandalous Satyam. As the Indian stock market was punished Wednesday for the scandal at Satyam Computer Services, there seems to be one company that could benefit from those troubles: rival outsourcer Infosys.
Cisco: Satyam Woes Not Expected To Hurt Cisco BusinessCisco Systems Inc. (CSCO), which is one of the clients of Indian software services firm Satyam Computer Services Ltd. said Wednesday the developments at Satyam aren't expected to hurt the company's business.
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