Satyam Computer, the Software major has reported 18.14% rise in profit of Rs 8,062.90 million, for the half year (April-September) ended Sep. 30, 2007, as against Rs 6,824.30 million, for the half year ended Sep. 30, 2006.

Satyam reported that its total Income gained 28.08% to Rs 38,773.70 million, for the first six months ended Sep 30, 2007, from Rs 30,270.80 million for the same period last year.

The company posted a 26.76% increase in its net sales, which stood at Rs 37,073.20 million for the first half from Rs 29,245.70 million for the half year ended Sep. 30, 2006.

For the half year ended Sep.30, 2007, the company’s earning per share (EPS) stood at Rs 11.78.

The company’s directors, at its meeting held on Oct. 23, 2007, have announced an interim dividend of Re 1/- per share (50% on par value of Rs 2 per share).

Further the company stated that, Nov. 08, 2007 is fixed as the record date for the purpose of payment of interim dividend.

Satyam Computer Services has declared that the company has signed up a deal with Fujitsu Services to supply IT services to Reuters as part of a 10-year, USD 1 billion internal information systems transformation programme.

Satyam Computer Services on Oct. 23, 2007 announced that it has entered into a definitive contract to get hold of 100% stake in Nitor Global Solutions (`NITOR) of the UK, a niche consulting company offering Infrastructure Management Services (IMS), for up to GBP 2.76m (USD 5.5M) in cash.

Shares of the company gained Rs 11.55, or 2.58% to trade at Rs 460.00. The total volume of shares traded was 421,752 at the BSE.