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4-Traders Homepage  >  Equities  >  Euronext Paris  >  CAST    CAS   FR0000072894

CAST (CAS)

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CAST : Mahindra Satyam Launches STAMP, an Innovative Structural Quality Service Powered by CAST

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04/04/2012 | 04:54pm CEST

Mahindra Satyam Launches STAMP, an Innovative Structural Quality Service Powered by CAST

Hyderabad - April 4, 2012 - Mahindra Satyam, a leading global consulting and IT services provider, today announced the launch of Structural Testing Analysis & Measurement of Projects (STAMP). An offering aimed at beaming a unique spotlight into the unexplored structural quality of its clients' most business critical applications.

This launch is a first step of the strategic partnership between Mahindra Satyam and CAST, the world leader in Software Analysis & Measurement (SAM). This new offering aims at analyzing structural quality of the application stack resulting in delivering higher performance, greater reliability and increased security to the customers as well as reducing underlying technical debt.

Approximately 30% of production defects are due to structural quality. Mahindra Satyam STAMP shall help clients' application owners identify the structural issues before they reach production, and will provide insight for implementing corrections prior to current or future delivery of software, thereby reducing overall cost of correction.

G S Raju, Global Head - Testing Services, Mahindra Satyam said "We're very enthusiastic to differentiate by partnering with CAST, the undisputed leader in the domain of analyzing and measuring complex multi-tier, multi-technology applications from a structural quality perspective. We see great opportunities in upscaling the value to our existing clients and prospects and elevating existing niche testing services by rolling out STAMP."

Vincent Delaroche, CEO, CAST stated "CAST and Mahindra Satyam have the same vision: In business, transparency is a virtue. The Mahindra Satyam offering powered by CAST will provide IT executives with unparalleled visibility on the inner-structure of their business-critical applications, with concrete and actionable means to improve their business technology fundamentals."

About Mahindra Satyam
Mahindra Satyam is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business process quality, engineering and product lifecycle management, and infrastructure services, among other key capabilities.

Mahindra Satyam is part of the $14.4 billion Mahindra Group, a global federation of companies and one of the top 10 business houses based in India. The group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, vacation ownership, rural and semi-urban financial services, etc. Mahindra has a significant and growing presence amongst others, in the automotive industry, agribusiness, aerospace, automotive components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel and two wheelers.

Mahindra Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations.

For more information, see www.mahindrasatyam.com
Follow us on Twitter: http://twitter.com/mahindra_satyam
For clarifications, write to us at: MediaRelations@mahindrasatyam.com

About CAST
CAST is a pioneer and world leader in Software Analysis and Measurement, with unique technology resulting from more than $100 million in R&D investment. CAST introduces fact-based transparency into application development and sourcing to transform it into a management discipline. More than 250 companies across all industry sectors and geographies rely on CAST to prevent business disruption while reducing hard IT costs. CAST is an integral part of software delivery and maintenance at the world's leading IT service providers.

Founded in 1990, CAST is listed on NYSE-Euronext (Euronext: CAS) and serves IT intensive enterprises worldwide with a network of offices in North America, Europe and India. For more information, visit www.castsoftware.com

Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements.

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This press release was issued by CAST SA and was initially posted at http://www.castsoftware.com/news-events/press-release/press-releases/mahindra-satyam-launches-stamp- an-innovative-structural-quality-service-powered-by-cast . It was distributed, unedited and unaltered, by noodls on 2012-04-04 09:29:05 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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Financials (€)
Sales 2016 40,5 M
EBIT 2016 0,88 M
Net income 2016 0,90 M
Finance 2016 4,30 M
Yield 2016 -
P/E ratio 2016 58,83
P/E ratio 2017 19,98
EV / Sales 2016 1,18x
EV / Sales 2017 1,05x
Capitalization 52,1 M
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Average target price 3,55 €
Spread / Average Target 0,57%
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Vincent Delaroche Chairman & Chief Executive Officer
Gregg Blatt Executive VP-Worldwide Field Operations
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Bill Curtis Senior Vice President & Chief Scientist
François Barbara Director
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