Patni's Form 20-F with US SEC
10 Oktober 2006 - 4:23PM
PR Newswire (US)
CAMBRIDGE, Mass., Oct. 10 /PRNewswire-FirstCall/ -- Patni Computer
Systems (BSE:PATNIBSE:COMPUTBSE:NSE:BSE:PATNIBSE:NYSE:BSE: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
http://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 . About Patni Patni Computer Systems Limited
(BSE:PATNIBSE:COMPUTBSE:NSE:BSE:PATNIBSE:NYSE:BSE: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
http://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. DATASOURCE: Patni Computer Systems
CONTACT: For USA - Sriya Kodial of Text 100 for Patni Computer
Systems, +1-617-399-4918, or ; or Tony Viola of Patni Computer
Systems, +1-617-354-7424, or ; or For India - Ketan Jain of Text
100 for Patni Computer Systems, 98203 03412, or ; or Heena Kanal of
Patni Computer Systems, 98219 39992, or Web site:
http://www.patni.com/
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