Satyam Eyes 10% Share In Engineering Services Segment

Satyam has a vision to be among the top two engineering services providers globally and reach a 10 percent marketshare by 2012, as per a statement made recently by T S K Murthy, head, Integrated Engineering Services, Satyam Computers.

In 2007, out of the total global service revenue of $2 billion, the revenue of R&D and product engineering services was $175 million, representing nine percent of the total revenue.

The share of the R&D and product engineering services in the total revenue is expected to grow significantly, according to analyst firm IDC India.

The analyst firm sees the division as having great potential for Satyam to bolster its revenue. It, however, says this vision translates into overhauling the IT major’s current growth rate of over 40 percent for the next five years.

IDC India said Satyam has put in place a strategy to carry out this vision that includes strong focus on select verticals like aerospace, automotive, consumer electronics, semiconductors and farm equipment.

As part of that move, the company is focusing on geographies like the US, Germany, France, Japan and the UK. The other key strategy is positioning the company as a leading engineering services provider. (PTI)