India's Satyam Q2 net rises 28 pct, beats forecast

BANGALORE: Satyam Computer Services Ltd India's fourth-largest software services exporter, on Tuesday posted a 28 percent rise in quarterly profit, beating forecasts, as an outsourcing boom helped offset a stronger rupee and wage hikes.   

New York-listed Satyam which specialises in business software, said net profit for July-September, its fiscal second quarter, rose to 4.09 billion rupees ($103 million) as per the Indian accounting system, from 3.20 billion reported a year ago.   

A Reuters poll of 12 brokerages had forecast a net profit of 3.80 billion rupees for Satyam, whose leading clients include General Electric Qantas Airways and Nissan Motor. 

Satyam reported result after sector leader Tata Consultancy Services and No. 3 exporter Wipro reported quarterly numbers that exceeded analyst expectations, while second-ranked Infosys Technologies met forecasts.