Wednesday, January 28, 2009

The Satyam Saga: A Story of Numbers


The Chart above says it all. Satyam's numbers on returns as compared to peers, never looked suspicious. The Debtors consistently kept rising from 2005 to 2008 from Rs 780 Cr to Rs 2854 Cr and so did the Cash Balance and the Net Profit. The company never showed a loss since 2004, not even in a single quarter.

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