FinancialNirvana.com

IndiaTimes: Due to a tax review which would entail additional tax liabilities of $23 million to $33 million, Patni computer (Nyse: PTI) will restate its result for 2003 and 2004

The company will make provision for additional tax and other related liabilities in its unaudited financial statement for the quarter ended June 30, 2006. Patni by the way continues to underperform since its listing on the NYSE.

Share This

• Patni (NYSE: PTI) in hiring and acquisition mode
• Patni keeps heading lower after lackluster earnings and downgrades
• Infosys surpasses Billion Revenue mark. Will reward shareholders via special dividend
• Rediff 4th Quarter and year end results
• Infosys looking to make acquisitions as well