HYDERABAD: A big question mark is staring at the battered Satyam Computer Services over the renewal of contracts by the existing prestigious clients across the globe.
Though company sources claim that there is no problem from the customers as of now, whether the clients will wield the stick will be known when the financial year ends in March. While Satyam completed its third quarter on Wednesday, the first quarter of the financial year began for its global customers on Thursday.
The controversies triggered by the now-aborted deal of acquiring Maytas companies, the World Bank’s eight-year ban and the fresh case seeking to restrain the company from taking up further transactions by Upaid mobile telecom company, are already finding the embattled IT giant in a tight spot.
Meanwhile, Forrester Research, a global IT analyst company, warned the customers to watch Satyam before renewing the contracts or awarding fresh ones.
Ref :- THE HINDU,02-01-09
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