Mahindra Satyam Q3 profit up fourtimes to Rs 308 cr

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IT firm Mahindra Satyam today reported a whopping fourfold increase in profit after tax to Rs 308 crore for the quarter ended December 31.

The company's consolidated revenue stood at Rs 1,718 crore in the third quarter, 34% higher year-on-year.

The total headcount of the company stood at 32,280 as of December 31, a net addition of 188 employees quarter-on-quarter.

The attrition rate at the company was 16% in Q3, down from 25% in the corresponding period last year.