Analysts bullish on Satyam's future

Analysts bullish on Satyam's futureStill just mid-way in its recovery process after the former Chairman of the company made its fraud public and Satyam was taken over by Tech Mahindra, the tech arm of the $7.1 billion conglomerate M&M Group, the company recently held an analyst meet. It was almost a month before it will release its nos. for the markets.

However, analysts are certain for its bright future in the Indian market. The company's CEO C.P. Gurnani said in April that it would require another two years to completely stabilize its operational metrics.

Mike Atwood, an expert in information technology outsourcing at Horses for Sources, a US-based analyst advisory firm said that the issues with its accounts should be resolved by the month of July.

Chandranshu Singh of Ovum, the information, communications and technology consulting arm of the Datamonitor Group said that the company is earning enough money to take care of its marketing and sales expenses.

The company has been on a right track so far and the outlook is looking bright as far as the views of the industry experts are concerned. However, it will still have to make that extra effort to get completely out of the woods.