Satyam says customers remain supportive

Raju resigned on Wednesday after admitting he had inflated Satyam’s profits by 50.4bn rupees (US$1bn) over the last seven years.

Following the news Satyam’s shares plummeted by more than 60 per cent.

At a press conference on Thursday, Satyam said it had received strong expressions of confidence from customers.

A large number of Satyam’s senior managers also pledged their commitment to remain in the company.

“While we have to address various customer concerns, we have been heartened by expressions of confidence and support from various clients,” said interim Satyam chief executive, Ram Mynampati.

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