Patni Computer Systems: A Hidden Gem
Sreeni Meka submits:
Patni Systems (PTI) incorporated on February 10, 1978 under the Indian Companies Act, registered at Pune, India and went public in 2003. Patni is one of the leading information technology service firms with multi-national operations, predominantly in North America. Patni provides comprehensive IT services through onsite and offshore delivery locations primarily in India. The majority of its customer base is in insurance, manufacturing retail and financial service sectors.
In 2009 insurance, manufacturing retail, communications media and financial services accounted for 29.7%, 29.0% 13.5%, and 12.8% of its revenue. Patni’s revenue grew from $ 450.3 million in 2005 to $ 655.9 million in 2009, at compounded annual growth of 9.9% and net income grew from $ 60.9 million in 2005 to $ 119.8 million in 2009, representing a CAGR of 18.4%.
Investing, Long Term Investment, stock market | admin March 22, 2010
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