Leading global Consulting, IT and Business services provider, Mahindra Satyam announced its second quarter financial results for Fiscal Year 2012, ending September 30, 2011, posted a consolidated revenues of $330m globally for Q2 FY12.
Mahindra Satyam continued commitment towards strengthening its market presence in the Middle East and North African region and it was reflected by the growing revenues from the region and posted a 40% increase in bookings and a 150% YoY growth.
The increase was bolstered by key project wins in education, oil & gas, healthcare and railway development in the Middle East and North African (MENA) region, and complements the company’s continuing move to play a significant role in the efforts to empower the region’s local industries and businesses.
Aiming to take advantage of this, Mahindra Satyam is looking to leverage its diverse portfolio of solutions and applications in Business Intelligence (BI), Enterprise Asset Management (EAM) and Mobility.
“We are very pleased with the performance we have achieved for the second quarter of the current fiscal year, marking a 40% increase in new bookings in MENA. The growth reflects the strong response and the continued trust given by our clients as a result of our move to ‘Rise’ and leverage strategic and reliable key IT solutions and services across various industry verticals in the Middle East.” said Bobby Gupta, Vice President and Head of Middle East, Turkey and North Africa, Mahindra Satyam.
Mahindra Satyam has won eight new clients over the last few months, which includes an Oracle implementation for a leading education council; an SAP implementation for a major oil & gas company in Abu Dhabi; an Oracle implementation for a new airport; the installation of a healthcare information system for a leading hospital; an iPad room solution system for a major hotel chain and an Oracle implementation for a strategic railway development project. Also, the company was recently named as ‘System Integrator of the Year’ during this year’s edition of the CNME ICT Achievement Awards.
