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India firm eyes new domains for MEA growth

Dubai, August 10, 2011

India-based Mahindra Satyam, a leading global IT services provider, is expecting more growth in the MEA region to be driven in by the emerging presence of new domains, markets and industry verticals.

The company has posted over $320 million in global revenue for the first quarter of the financial year 2011-2012, which is up 5.2 percent quarter-on-quarter and up 19.3 percent year-on-year.

Mahindra Satyam is looking towards more growth in the MEA region with an increased stronghold in public sector including healthcare, e-government, and communications, as well as oil and gas, and the sports industry, a company statement said.

The upbeat attitude towards reinforcing its presence follows company’s current work on more than 20 engagements in the Middle East, it added.

“Mahindra Satyam has posted excellent growth figures for the first quarter of the present fiscal year. The increase in revenue demonstrates the continuous positive response that we have received towards our commitment to leverage key IT solutions and services across various industry verticals in the Middle East,” said Bobby Gupta, vice president and head of Mena, Mahindra Satyam.

“We are expecting to see more growth with the development of more smart cities in the region and accompanying industry verticals like the sports industry. We are also eyeing to play a major role in the region's development and emergence as a global IT destination.”

“These are exciting times for the Middle East and African region’s IT market, reflecting a continuous growth that spells growth and development,” he added.

“Taking advantage of the market’s vibrancy, we are pushing business intelligence, enterprise asset management, mobility, analytics and cloud computing services as our next areas of growth across strategic industry verticals. Ultimately, we are confident that our pipeline of projects for the next twelve months will consolidate our leadership in the region,” concluded Gupta. – TradeArabia News Service




Tags: Dubai | First quarter | 2011 | Mahindra Satyam | MEA growth |

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