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		<title>(PTI) Patni Computer Systems Ltd Exceeds Estimates</title>
		<link>http://www.stockbloghub.com/2009/11/25/pti-patni-computer-systems-ltd-exceeds-estimates/21256</link>
		<comments>http://www.stockbloghub.com/2009/11/25/pti-patni-computer-systems-ltd-exceeds-estimates/21256#comments</comments>
		<pubDate>Wed, 25 Nov 2009 18:18:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Business Software & Services]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[BFS]]></category>
		<category><![CDATA[CMU]]></category>
		<category><![CDATA[Infosys Technologies Limited]]></category>
		<category><![CDATA[INFY]]></category>
		<category><![CDATA[MFS High Yield Municipal Trust]]></category>
		<category><![CDATA[Patni Computer Systems Limited]]></category>
		<category><![CDATA[PTI]]></category>
		<category><![CDATA[Saul Centers Inc.]]></category>
		<category><![CDATA[Wipro Limited]]></category>
		<category><![CDATA[WIT]]></category>

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		<description><![CDATA[Patni Computer Systems Ltd (PTI) reported earnings per ADS of 38 cents, exceeding the Zacks Consensus Estimate of 34 cents for the third quarter of 2009. Revenues during the quarter were higher by 3.3% sequentially to $167.2 million from $161.9 million in the preceding quarter. Revenue growth was driven by volume growth of 3.0% (including higher number of days) and 0.3% due to currency impacts. Number of active clients was 283 at quarter end as compared to 294 in the second quarter of 2009. Gross margin was at 37.1% or $62.0 million against 34.7% or $56.2 million in the previous quarter. Gross profit adjusted for extraordinary items is at $60.9 million at 36.4% during the quarter. Improvement in gross margin is primarily on account of higher utilization and impact of ]]></description>
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