IT firm
Patni Computer Systems on Tuesday reported a 37.50 per cent year-on-year decline in its consolidated net profit to Rs 90.27 crore for the third quarter ended September 30, 2011.
The company had posted a net profit of Rs 144.45 crore for the July-September quarter last year, as per Indian accounting standards, Patni Computer said in a filing to the BSE.
The company's net income rose to Rs 891.78 crore during the period under review from Rs 835.93 crore in the corresponding quarter of the previous fiscal.
"While we do not see any cut back in the existing projects, we will retain a cautious outlook for the 2012 budget in some verticals," Patni CEO and MD
Phaneesh Murthy said.
As of September 30, 2011, the headcount of the company stood at 17,853. On a standalone basis, the company posted a net profit of Rs 91 crore for the quarter, down 38.60 per cent from Rs 148.22 crore in the corresponding period last year.
Its total income stood at Rs 533.93 crore during the period, as compared to a total income of Rs 494.45 crore last year.
Special 
