Satyam retains its #4 rank, thanks primarily to its excellent performance despite the slowdown. The company would have been ranked higher but for the huge growth rate reported by Soffia Software on a tiny base. The company’s turnover stood at Rs 1220 crore, up 81% over the previous year. Net profit leapt up by 134% to close at Rs 317 crore. The company was ranked #3 in sales and net profit, #4 in gross block and #6 in ROCE. Gross block was up 30% to Rs 546 crore, while ROCE stood at 45%. Despite growing concerns over the slowdown in the US and some European countries, Satyam managed to grow, riding on its association with companies like Ford, MatrixOne, Epicentric and ideaEDGE Ventures. While Satyam continued to outperform the industry, its Nasdaq-listed subsidiary Satyam Infoway continued to post losses. With Indian companies scheduled to report a consolidated performance from fiscal 2002, Satyam’s performance would be more eagerly awaited and keenly watched.