Mahindra Satyam Results to be revealed today

Mahindra Satyam after competing in tough times, is ready to post its financial results of first two quarter results of 2010. As per the official news from the Satyam, Financial results for the quarters ended June 30, 2010 and September 30, 2010 would be released today on November 15, 2010.

If sources are to be believed, analysts expect the revenue to be at USD 1.2 - 1.3 billion for fiscal year 2011. The company did not disclose its financial results after a set-back provided by the shocking Rs 7,800 crore accounting fraud by Satyam chief B Ramalinga Raju in January 2009. He had revealed a shocking Rs 7,800 crore worth accounting fraud.

Back in 2009-10, Satyam had reported a loss of Rs 125 crore for the year ended 2009-10. In September, Mahindra Satyam had decided to de-list from the New York Stock Exchange (NYSE) as it was not able to meet the October 15 deadline to prepare financial statements as per US accounting standards for the fiscal years 2008-09 and 2009-10, however it is also noteworthy that Mahindra Satyam was the only visible sponsor from India in the FIFA World cup 2010 held in South Africa.