One of the most popular names in the Mid-sized Indian software circuit, Patni Computer Systems has recently posted much better than expected results on the market on the back of getting a boost from the product engineering segment sales.

It is to be mentioned here that the segment accounted for close to 17% of the total second quarter result of the company and it rose close to Rs. 1.41 billon against the Rs. 1.18 bullion as compared to a year ago period.

According to a handful of analysts that polled on Reuters, the profit was expected to drop by 28% to 1.2 billion but as the company added new names to its roster it was able post profits matching to the tune of 8.23 billion rising by
2.6%.

In fact, the company has even said that it expects the third quarter new profit to be close to $22.5 million to $23 million. However, the strong rupee stands as a concern for the company as it is for the entire industry as well as IT companies get close to half of its revenue from exports and counts costs in rupees.