The beleaguered IT major Satyam Computers managed to bag 15 new outsourcing contracts in the month of January 2009, despite the revelation of one of the country’s biggest corporate accounting fraud at the company.
According to a company official, of the 15 contracts, three were from the US and two were from Europe. Apart from this, the other 10 contracts were from Japan, Africa, West Asia, India, Asia-Pacific, Australia and New Zealand.
Moreover, the company also informed its employees that one of its key clients renewed the infrastructure services contract with the IT company.
Besides, one of the global leaders in the networking space of consumers and small business users also placed a contract with the company. The proposed project is to be executed through a 20 member onsite and offshore team is to be completed in six months.
So far the company has witnessed only one client – US based State Farm Insurance – terminating its contract in January due to the crisis.