Patni Computer Q1 Net Profit Drops 13.6%

Patni Computer Systems Ltd

reported a 13.6% decline in its Q1 standalone net profit. Patni Computer's quarterly net profit dropped to INR1.53 billion, versus INR1.77 billion in the year-ago period, based on Indian accounting standards. Its revenue climbed 4.5% y/y to INR5.35 billion from INR5.12 billion. However, expenses rose 7.6% to INR3.97 billion. Patni Computer shares closed at $19.53 yesterday.