Goldman makes 1.8b$ in Profit, Satyam goes to Tech Mahindra
Goldman Sachs, a publicly owned company, reported strong first quarter numbers on Monday. This result comes as a huge positive as compared to the worst quarter the company had last time. The New York-based Goldman Sachs in its results said that it earned $1.81 billion, or $3.39 a share, for the quarter ended March 31. A ESP of 3.39$ certainly beats market expectations which were polled to be around 1.65$. The current record profit comes at the back of increase in Fixed Income business for Goldman which claims to have upped the revenue to 6.56 billion $, close to 34% above what it reported last time. It will certainly be interesting to see what the other financial companies declare in the days to come.
In another news, Satyam bidding is through and Tech Mahindra has been declared as the winner of Satyam Technologies aquisition bid. The highest bid was of Tech Mahindra and it stood at Rs 58 / share. A overall 51% stake for Tech Mahindra will come at a cost of Rs 2889 crores which then values Satyam Technologies at Rs 5665 Crores. Satyam share is currently trading at 48.85 Rs on the Bombay Stock Exchange.
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