IT firm Mahindra Satyam has reported five-fold rise in profit after tax to Rs 308 crore for the quarter ended December 31. It had reported PAT of Rs 59 crore in the third quarter (October-December) in 2010-11.
The company’s Q3 consolidated revenue was Rs 1,718 crore, up 34% year-on-year basis. It made forex gain of Rs 66.39 crore on account of appreciating US dollar against the rupee.
Meanwhile, the total headcount at the company was 32,280 as of December 31, 2011 -- 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.
