CAMBRIDGE, Mass., October 10, 2006 - Patni Computer Systems (BSE:
PATNI COMPUT, NSE: PATNI, NYSE: PTI) announces that it has filed its annual
report on Form 20-F with the US Securities and Exchange Commission. The Form
20-F is also available under 'SEC Filings' on the company website www.patni.com
for viewing and download.
Any shareholder who would like to receive a hard copy of the company's complete
audited financial statements under US GAAP and/or the entire Form 20-F, may do
so free of charge upon request to the Manager - Investor Relations at
Gaurav.Gagarwal@patni.com.
About Patni
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a
global IT Services provider servicing Global 2000 clients. Patni caters to its clients through
its industry-focused practices, including insurance, manufacturing, financial services,
telecommunications, and its technology-focused practices.
With employee strength of over 12,000 and multiple offshore development facilities across
eight cities; Patni has 23 international offices across the Americas, Europe and Asia-Pacific.
Patni has registered revenues of US$ 450 million for the year 2005.
Patni's service offerings include application development, application maintenance and
support, packaged software implementation, infrastructure management services, product
engineering services, business process outsourcing and quality assurance services.
Committed to quality, Patni adds value to its client's businesses through well-established
and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified
and SEI-CMMi Level 5 organization, assessed enterprise wide at P-CMM Level 3. In keeping
with its focus on continuous process improvements, Patni adopts Six Sigma practices as an
integral part of its quality and process frameworks.
For more information on Patni, visit www.patni.com.
Safe Harbor:
Certain statements in this release concerning our future growth prospects are forward-looking
statements, which involve a number of risks, and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and uncertainties regarding fluctuations in
earnings, our ability to manage growth, intense competition in IT services including those factors
which may affect our cost advantage, wage increases in India, our ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client
concentration, restrictions on immigration, our ability to manage our international operations, reduced
demand for technology in our key focus areas, disruptions in telecommunication networks, liability for
damages on our service contracts, the success of the companies in which Patni has made strategic
investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on
raising capital or acquiring companies outside India, and unauthorized use of our intellectual property
and general economic conditions affecting our industry. The company does not undertake to update
any forward-looking statement that may be made from time to time by or on behalf of the Company. |
