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Patni net down 27% at Rs 134 cr

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BS Reporter Mumbai
Last Updated : Jan 19 2013 | 10:42 PM IST

However, the revenue of the company in the quarter grew by 11.8 per cent to Rs 662.81 crore.

"While our revenues and margins were in line with guidance the overall market environment remains challenging with prevailing global uncertainties," said Narendra K Patni, chairman and chief executive officer, Patni Computer in a press statement.

"We are cautious in our short term outlook but remain positive on long term prospects of our business and are continuing our investments in identified areas," he added.

The company its outlook for the July to September quarter has given a guidance for the revenue of $182 to $183 million while it expects net income to be in the range of $18 to $18.5 million.
 

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First Published: Jul 24 2008 | 2:29 PM IST

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