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More Development globally

Satyam Computer Services will expand its global footprint by setting up more development centres, its chairman Mr Ramalinga Raju said today. “We are systematically expanding our global footprint and it is a thrust area for us. That way we are able to service our global customers better,” Mr Raju told reporters here when asked about expanding to newer geographies after Satyam’s facility in Budapest, Hungary.

Hyderabad-based Satyam is India’s fourth largest IT services firm. Mr Raju said the company was already present in 46 countries and planned to grow in terms of development centres as well as sales and marketing support. “We hope to expand on both accounts,” he added.

However, he refused to divulge details of the geographies the company was planning to tap in the next round of expansion. Satyam currently has development centers in India, the United States, the United Kingdom, the UAE, Canada, Hungary, Malaysia, Singapore, China, Japan and Australia.

Satyam offers onsite, offsite as well as offshore IT services, employing 17,600 professionals. During the quarter ended December 31, 2004, revenue from software services at Rs 891.26 crore was up 34.5 per cent compared to the same quarter last year. The company has said it expects to post revenue in the range of Rs 3,429 crore to Rs 3,433 crore in the current fiscal, an annual growth of 34.9 per cent to 35.1 per cent.
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