Satyam Expects to Win 8 Orders Each Worth at Least $50 Million

Satyam Computer Services Ltd., India's fourth-largest provider of software services, will win eight orders each worth more than $50 million in the current quarter, Senior Vice President Hetzel Folden said.

The company has already won an order worth $50 million from a Belgian bank since the beginning of January, Folden said in an interview in Mumbai, without providing additional details. The three months ending March 31 are the Hyderabad-based company's fourth quarter.

Large banks and financial companies are ``holding on to their money'' as economic growth falters globally, Folden said. Still, the slow down is pushing other companies to consider awarding contracts for managing computer networks and call centers to Indian computer-service providers to pare costs, he said.