US clients reaffirm confidence in Satyam, help IT outsourcer salvage reputation

"We thank the leadership at GE, for reposing their confidence in us and reinforcing our resolve to excel in our deliverables to our esteemed partner for years to come. The contract symbolizes the value we have been able to add through our services to GE," said Satyam's global account executive Arvind Malhotra.

"We are thankful to the leadership team at OC Tanner for increasing our business by almost 100 percent in the last four months," said C.P. Gurnani, CEO, Mahindra Satyam.

"Impeccable on-time, on-budget delivery of high-quality code and strong account management were the hallmarks of Mahindra Satyam's OC Tanner development team, which has led to increased customer commitment and support," he added.

 Though Gurnani refused to disclose the financial details of the deal, yet, the fact that close to 130 employees would be working on it indicates that it is one of substantial value.

Shares of Mahindra Satyam closed 3.34 percent up at Rs.120.60 at the Bombay Stock Exchange on Friday.