Hyderabad: Surpassing its own forecast and market expectations, IT major Satyam Computer Services Ltd has posted a net profit of Rs 145.87 crore during the quarter ending December 31, registering about 25 per cent increase over the corresponding quarter last fiscal.

The NYSE-listed company has earned a revenue of Rs 662.70 crore during the quarter, well above its earlier guidance of Rs 620 crore to Rs 630 crore, accounting for 26.89 per cent increase over the corresponding quarter in the last financial year.

The Earnings Per Share (EPS) for the Q3 stood at Rs 4.63, which is again well above the guidance range of Rs 4.05 to Rs 4.15.

Guided by strong volume growth and price stability, the company has posted a 10.73 per cent sequential revenue growth in Q3 with the manufacturing, insurance and healthcare sectors contributing substantially to the company's growth.

"Companies like Satyam continue to be strong in major markets despite a more visible outcry from certain quarters against off-shoring," company Chairman B Ramalinga Raju said.

Satyam added 20 new customers during the quarter, including six Fortune 500 companies.