Mahindra Satyam's results expected by June end

mahindra-satyamAfter the tech arm of the M&M Group took control at the reins of the troubled Satyam Computer Services, the company has been able to grow back on track in the months that followed. In fact, it has been learned that the company will be announcing its results by the year-end.

While sources confirm the fact that the company has added a net of 54 clients over the last six months with many deals happening specifically in the Asia Pacific region, experts are of a view that these small deals may not account for the $400 million loss occurred by the company after the Takeover by Tech Mahindra.

Arup Roy, an analyst at Gartner said that the company still has no clarity on how will they position Satyam and Tech Mahindra and the lack of clarity on the issue a sign of danger from the perspective of client.

It is believed that after Mahindra Satyam declares their financial results at end of this month, the big battle for the Mahindras will reach a dead-end. However, there is no denying that there is still a long time left before Satyam could be back in its glorious days.