UPDATE 1-India's Satyam Q1 profit misses fcasts, shares fall

(Reuters) - BANGALORE, July 20 - India's Satyam Computer
Services Ltd. missed forecasts with a 7 percent rise
in quarterly earnings after a stronger rupee hit margins,
sending its shares down more than 1 percent in a bullish
market.




Satyam, India's No. 4 software exporter, has been winning
outsourcing contracts, but the rising rupee has been squeezing
margins.


Read more at Reuters.com Market News