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.
Satyam says customers remain supportive
By
Rosalie Marshall
on
Jan 9, 2009 10:24AM
India’s fourth largest outsourcing provider, Satyam, is busy reassuring customers that business will continue as usual following the financial fraud committed by the company’s chairman Ramalinga Raju.
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
Promoted Content
Security "mindset shift" needed to protect organisations
Promoted Content
Security: Understanding the fundamentals of governance, risk & compliance
Promoted Content
Avoiding CAPEX by making on-premise IT more cloud-like
Promoted Content
Why Genworth Australia embraced low-code software development
Sponsored Whitepapers
Extracting the value of data using Unified Observability
Planning before the breach: You can’t protect what you can’t see
Beyond FTP: Securing and Managing File Transfers
NextGen Security Operations: A Roadmap for the Future
Video: Watch Juniper talk about its Aston Martin partnership
.jpg&h=146&w=240&c=1&s=0)
