The Hindu Business Line : Satyam looks to ride growth wave in Asia, Australia

Mumbai, July 21 Satyam Computer Services intends to decrease the US component of revenues by riding on the growth momentum in geographies such as India, West Asia and Australia.

The Hyderabad-based company is working on a plan to have a 50:50 mix, wherein revenues from the US would contribute 50 per cent to the company’s topline from the current 60 per cent, according to Mr Ram Mynampati, President, Commercial and Healthcare, Satyam Computer Services.

“It is no secret that US market is facing a lot of challenge and is in a state of change. For the next few quarters, we expect greater growth to come from non-US markets,” he told journalists on the sidelines of an informal meet, here on Monday.

The West Asia and India operations of the company have been growing at more than 100 per cent.

However, he agrees that the Japanese market, which accounts for a meagre 2.5 per cent of the overall company’s revenues, has ‘stagnated’. This is because of the cultural and linguistic difference between the countries, added Mr Mynampati

The company intends to set up two new development centres for both IT and BPO in Latin America.

“We are targeting to have a centre in Mexico and are also evaluating a base either in Chile or Uruguay,” said Mr Mynampati. However, he did not specify a timeframe for this initiative.

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Satyam looks to ride growth wave in Asia, Australia