The year 2005-06 saw Satyam entering the billion-dollar club. It added 120 new customers, including 12 Global and US Fortune 500 companies. Meanwhile, the top five customers contributed 25% of revenues-down from 30% in 2004-05. To leverage better emerging global opportunities, Satyam brought several non-Indians at very senior levels. These include Michael Gallup from Deloitte Consulting to head its Energy and utilities vertical business, Dr Peter M Heij from LogicaCMG, as the head of Continental Europe, Dr Robert Baginski from Accenture, as senior VP of global marketing and communications, and Timothy Montgomery to head its insurance practice. To tap the growing global opportunities, it tied up with SAP and KMD for the Danish market, and similarly with Optimation for addressing New Zeeland, Triple Point Technology for US, IONA Technologies for Europe, MB Machines for the Caribbean, and eBaoTech and Microsoft for the Chinese market.

During the year Satyam also unlocked the value of its investment in Sify by divesting its entire stake in the company. The growth verticals for Satyam were manufacturing and BFSI, contributing close to 57% of the total revenue. Telecom pitched in another 19%. The company also saw good growth in verticals like retail and logistics. And WHO chose Satyam as the SI to overhaul their Global Integrated Management System (GISM), covering WHO offices in six regions and 140 countries. Another high point was the company signing a five-year deal to maintain, support, and enhance the application portfolio for Nissan.

On a different note, Satyam announced the launch of the Satyam School of Leadership (SSL), a corporate university to develop and nurture leaders to accelerate Satyam's growth. To drive this initiative, Satyam got in Ed Cohen, strategic leader at Booz Allen.

Page(s)   1