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Though Patni managed to grow its topline by 10% in dollar terms (22% in rupee terms) between April to September 2008, bad times that started in FY 08 are still not over for Patni. Margins fell as much as 28% (in dollar terms) even as these two quarters saw net reductions in manpower, probably its first two such consecutive quarters in many years. That translates to sustenance of problems in the next few quarters.

Ownership issues among Patni brothers and management stability have marred Patnis working. For example, the company has been in the hunt for a CEO since close a year. Even though the term of the current CEO (chairman Narendra Patni himself) is coming to an end, the company has not yet announced a new CEO.This period saw key appointments in its product engineering division and in European sales team.

Patni continues with its heavy concentration of North American revenues, which accounted for more than three-fourth of its total revenue. Its services mix too remains almost same, with ADM contributing close to 65%of revenues still. While it has not been able to increase BPOs share in its revenue mix,which many of its peers have done, it has failed to leverage its early lead in product engineering services.

However, a positive news was the LEED platinum certification to its new green building in Noida, which makes it the largest such building outside the US.

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