Patni Computer Q1 net zooms 93%

 Performance Highlights for the quarter ended March  31st 2007.

 * Revenues for the quarter at US$ 156.0 million (Rs. 6,724.1 million); up 1.1% sequentially from  US$ 154.3 million (Rs. 6,804.9 million); up 20.2%  YoY from US$ 129.8 million (Rs 5,775.5 million)

* Operating Income for the quarter at US$ 30.3 million (Rs. 1,306.0 million); up 11.2% sequentially from US$ 27.3 million (Rs 1202.3 million);
up 70.4% YoY from US$ 17.8 million (Rs 791.0 million)

 * Rupee appreciation impact of  40 basis points.

 * Net Income  for the quarter at US$ 27.8  million (Rs 1,200.3 million); up 8.2% sequentially from US$ 25.7  million (Rs 1,134.9 million); up 92.8% YoY from US$ 14.4 million (Rs 642.5 million)

 EPS for the quarter at US$ 0.20 per share( US$ 0.40 per ADS ), up 8.1% sequentially and 92.1% YoY

* Acquired 26 new clients during the quarter. Number of active clients was 252 at quarter end as compared to 239 in Q4 2006.

 Future Outlook:

 Q2 2007 revenues are expected to be US$ 163 million and net income (excluding the foreign exchange gain/loss) is expected to be in the range of US$ 22.5 to $23.0  million.