Satyam to reveal true financial position

Satyam plans to end questions over its finances when it publishes details of its financial position in six months' time.

CP Gurnani,...

Satyam plans to end questions over its finances when it publishes details of its financial position in six months' time.

CP Gurnani, CEO of the renamed Mahindra Satyam, said Satyam plans to publish details of its finances in December or January.

Satyam was hit by a $1bn accounting fraud in January this year when its former chairman admitted he had cooked the books for years.

The company has since been pulled from the brink of collapse by government intervention in its management and its eventual takeover by Tech Mahindra.

Gurnani said he has been on a mission to restore confidence in the company and has set out to start winning big deals again. "We are winning deals again and we want to win big deals to re-affirm confidence."

He said the company is back on its feet and can now build momentum.

"We are out of the woods," said Gurnani. "There was an accident, but the bus is on the road again - although not at full speed."

Read more on IT outsourcing

SearchCIO
SearchSecurity
SearchNetworking
SearchDataCenter
SearchDataManagement
Close