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US slowdown worries Satyam

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Press Trust of India Mumbai

So, there is no change in guidance based on the impending slowdown.

"The US market is worrisome. Any slowdown there would impact us directly. The banking and financial services industry have been impacted and it is in deterioration mode," Satyam Chief Financial Officer V Srinivas told reporters.

"We are adopting a wait and watch approach towards the US market," he said.

 

The banking and financial services industry contribute 24 per cent to the total Satyam revenues.

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First Published: May 26 2008 | 7:38 PM IST

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