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Our Bureau

Hyderabad , Jan. 20

THE strengthening rupee is a matter of concern. However, while this macro-economic trend will continue, in the long term experts expect the rupee to depreciate, the Chief Financial Officer of Satyam, Mr V. Srinivas, has said.

Addressing a press conference here today to announce the company results, Mr Srinivas said the company margins remained healthy despite the strengthening rupee. Greater efficiencies in many cost related matters and growth in geographies other than the North America have had a positive impact.

The company has hedged about $150 million at Rs 44.80. The offshore resource utilisation was about 77 per cent and onsite has also gone up by about 50 basis points.

With regard to pricing and billing rates, the Satyam President, Mr Ram Myanampati, said pricing in general was stable to better. "We have seen higher averages than previous quarters both in new and existing clients.

Even in some of the old contracts, there has been higher realisation. There is more favourable pricing environment now than before reflecting a higher price band of 4 to 5 per cent ."

"On Rs 3000-plus crore cash reserves, Mr Ramalinga Raju said "we continue to look for strategic acquisitions and they just happen; it would not be appropriate to give a time frame."

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