Growth and Attrition – The Problem Continues
OpinionWire Articles
Maxine Holt - Published 22/02/2007
Towards the end of last month, Satyam, a Hyderabad-based IT services provider (and the fourth-largest in India), announced its quarterly results (covering October-December 2006) and was vilified on the stock market, with its shares falling 8%. Even though net profit increased 24.3% compared to the same quarter the previous year (after a subsidiary sale had been taken out of the calculation), investors were not happy with the results – mainly because the results of its rivals have been better.
