TATA INFOTECH: BONUS CANDIDATE
Article Abstract:
Tata Infotech is likely to offer another bonus issue in the near future considering its free reserve to equity ratio of 8.7:1. The company has repositioned itself as a systems Integrator after parting ways with Unisys. It has shifted its focus to software and services. Tata Infotech has been voted as the leading systems integrator in India by Voice & Data. The company focusses on upper end software products and has launched a software called Signbank. It also manufactures document processing systems. The company has projected net profit of over Rs53 crore for 1998-99. For the first half of 1998-99, its total sales rose by over 40 percent to Rs203.65 crore (Rs144.54 crore for the first half of 1997-98). Exports accounted for nearly 70 percent of sales. Its net profit grew by over 100 percent to Rs25.43 crore (Rs11.89 crore). (tsm)(vr)
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1999
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SATYAM COMPUTERS
Article Abstract:
Satyam Computers, which has a market capitalisation of almost Rs1500 crore, has improved its return on capital earned from 23.44 percent in 1997 to 38.04 percent in 1998. Existing clients like Boeing, Ford, Westfield Insurance and others accounts for almost 70 percent of the company's revenues. The company is expected to post a net profit of Rs65 crore in 1998-99, which gives an earnings per share of Rs25. (khr)
Comment:
Satyam Computers, which has a market capitalisation of almost Rs1500 crore, has improved its return on capital earned from 23.44 percent in 1997 to 38.04 percent in 1998.
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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