Global consulting and IT services provider Mahindra Satyam won new business in emerging markets such as Indonesia, Philippines and Vietnam in the fourth quarter of financial year 2012.
The company won contracts with governments in Singapore and Australia for enterprise mobility in various verticals and reported global revenue growth to US$1.31 billion for the financial year that ended on 31 March 2012.
"We have achieved significant growth in emerging markets last year over the previous year & in this financial year we are going to further build on this momentum by deepening our local presence in emerging markets, growing emerging verticals such as Utilities & Healthcare and in taking a dominant position in areas such as Enterprise Mobility, Social Media Analytics, Smart Grid & Platforms," said Rohit Gandhi, senior vice president, Asia-Pacific, India, Middle East and Africa.
Mahindra Satyam's revenue for the January-March 2012 fourth quarter (Q4 FY12) rose 21 percent to the equivalent of US$337 million, and 3.7 percent compared to the third quarter (Q3 FY12).
Also, its Singapore-headquartered Rest of World (RoW) region (which includes the Asia Pacific, India, Middle East, and Africa) accounted for 25 percent of global revenue for FY11-12, up from 20 percent a year earlier.
Growth in RoW region
Part of the US$14.4 billion Mahindra Group, Mahindra Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance.
Its other highlights in the RoW region for the Q4 FY12 include good traction in banking sector of Africa; strategic partnerships in Japan and South Korea region; and selection by a large Middle East government organisation for its infrastructure managed services.
"While the business world grapples with the looming uncertainties, we have been able to swim against the tide. This reflects our growing ability to straddle the complex task of maintaining the agility of a startup with the experience and maturity of a behemoth," said Gurnani, CEO, Mahindra Satyam. "Our customers and partners have endorsed this aspect and continue to invest in our competencies, as we step into our next three-year transformation phase."
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