Satyam Computer Services Ltd. (fka SAYCY)

[mcmorlod3]

News for 'SAY' - (DJ Satyam Signs New Client Deals, Closes 15 Deals In Jan -Report)

DOW JONES NEWSWIRES

Satyam Computer Services Ltd.'s (SAY) sales team closed about 15 deals in January, with around 80% of the deals with new clients, DNA Money reported on its Web site Monday, citing an unnamed company source.

According to the source, in the U.S. Satyam has acquired one client in each of the insurance and pharmaceutical sectors, while in Europe it has gained one client in each of the chemical manufacturing and services sectors, the Web site reported. Some 10 contracts are with clients in Japan, Africa, the Middle East, Asia Pacific, Australia, New Zealand and India, it added.

"The company has closed two multi-million dollar deals in the manufacturing sector, one each in Germany and Switzerland last week," the Web site quoted a source familiar with Satyam's Europe operations as saying.

Most of the deals are said to be in the $25 million-$100 million range, the Web site reported.

Full story: http://www.dnaindia.com/report.asp?newsid=1226913.

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(END) Dow Jones Newswires

February 01, 2009 19:07 ET (00:07 GMT)

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