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Mr V. Srinivas

K.V. Kurmanath

Hyderabad, Oct. 17 Satyam Computer Services says the worst is over and the economic crisis has begun a downhill journey. “But the question is how long it will take (to complete the downhill journey),” Mr V. Srinivas, Chief Financial Officer, told Business Line.

The crisis (in the Banking Financial Services and Insurance sector) should stop here. If it spreads to other geographies and verticals, it might impact the economies and businesses too. “If spending capacities of people dips, it will have an impact on verticals including the retail, automobile and manufacturing sector as a whole,” he said.

“We have given the guidance based on data on hand, and we expect things to continue like this for a while. If they deteriorate, we will have to change the guidance”.

Asked about the company’s plans to face such situations, Mr Srinivas said that the company opened up new fronts in the form of business verticals such as retail, healthcare, pharma and logistics in the last 3-4 years. We will tap the full potential in these areas, before moving into other verticals such as education and Government,” he added.

Asked whether the company foresaw any reduced spending by companies in the US and Europe on Enterprise Resource Planning services, Mr Srinivas said that “the segment continues to do well for us. Most of the business we do there falls under the category of ‘To-remain-competitive’.”

More Stories on : Outlook | Software | Satyam Computer Services Ltd

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