Satyam bags orders worth $250 mn

Satyam Computer Services Limited is back to winning new work, thanks largely to the efforts of the newly constituted Board to restore stakeholder confidence and ensure business continuity. The firm has bagged $250 million worth of purchase orders and work extensions since January 7.

"The recent successes include a single order of $50 million, and multiple orders from across industry verticals, technologies and geographies, reflecting an all-round positive trend. More than half of this value comes from new orders, which reinforces the confidence that customers have been sharing with us in our discussions," Chief Executive Officer A S Murthy said.