The company's operating margins are still very thin, at less than four per cent, Apte said. Going by current revenue levels, the company may show a revenue drop of about eight per cent in its fiscal year ending March 31, 2011.

Even though Satyam has stabilized its revenues, it remains saddled with a lot of potential liabilities and costs, including a claim by some 37 companies who say they want to be repaid 12 billion rupees (US$260) they have allegedly advanced to Satyam.

The company also faces a class action suit in the U.S. alleging violations of American federal securities laws. The company delisted last year from the New York Stock Exchange, after it failed to publish its results according to U.S. accounting rules, within a stipulated period.

Its profits in the quarter were whittled down by 533 million rupees (US$11.7 million) in exceptional items relating to restructuring costs, forensic investigation and litigation support, and erosion in value of assets in subsidiaries.

The company added 764 staff in the recently announced quarter, taking the total to 28,832 at quarter's end, when it had 217 customers.