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Mahindra Satyam to announce results on Nov 15

Mahindra Satyam to announce results on Nov 15

The IT firm (earlier called Satyam Computer Services) will announce its result for the quarters ended June 30 and September 30, it said in a filing to the BSE.

Information technology firm Mahindra Satyam on Wednesday said it will report its results for the quarters ended June and September on November 15.

The company will announce its results for the quarters under Indian accounting standards on November 15, Mahindra Satyam (earlier known as Satyam Computer Services) said in a filing to the Bombay Stock Exchange.

In September this year, the company had announced a loss of Rs 125 crore for the year ended 2009-10.

Following founder B Ramalinga Raju's shocking revelation of a Rs 7,800-crore accounting scam at the IT company, Mahindra Satyam did not disclose its audited financials for the past two financial years till recently.

Mahindra Satyam's results were keenly awaited by the industry and markets, as the real financials were shrouded in mystery after the scam - said to be India's biggest corporate fraud - came to the light in January 2009.

The company had obtained exemption from the Company Law Board from publishing audited results for the past two financial years after its takeover by Tech Mahindra in April 2009.

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Published on: Nov 10, 2010, 3:01 PM IST
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