India's Satyam Computer Services Ltd said on July 17 that it signed four multi-year IT services and outsourcing deals worth $70 million to $75 million. Two of these deals are from the Singapore government, the fourth-ranked Indian software services exporter said.
The other contracts are from a transport provider in Australia and from Emirates Bank International in the United Arab Emirates for enterprise financial management, it said.
Revenue from all the deals will start flowing in from the current quarter, said Virender Aggarwal, the company's senior vice president for Asia Pacific, Middle East, India and Africa.
Aggarwal was referring to Electronic Data Systems and Computer Sciences Corp that compete with Indian software services firms like Infosys Technologies and Satyam for a bigger share of the global outsourcing pie.
New York-listed Satyam said it receives nearly 17 percent of its revenue from the regions outside Europe and Americas. Satyam, which reports earnings on July 20, is expected to show a 10 percent rise in net profit in the June quarter from a year ago as higher outsourcing offset the impact of a stronger rupee on export earnings, analysts said.