Mumbai: Software services exporter, Mahindra Satyam, on Thursday, posted a more than 10-fold jump in quarterly net profit, beating street estimates, as it added 36 new clients for its outsourcing business.

A file photo of a Mahindra Satyam site

The company had reported the year ago quarterly results for the first time since it was hit by India’s biggest corporate fraud in 2009.

Analysts had forecast a net profit of 1.98 billion, according to Thomson Reuters.

Ramalinga Raju, founder and former chairman of the firm, was granted bail last week by the Supreme Court in a $1.5 billion financial fraud case, involving overstated profits and falsified assets.

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