Mahindra Satyam posts Q4 loss

HYDERABAD, May 23 (Reuters): Indian software services exporter Mahindra Satyam Monday posted a net loss for its fiscal fourth quarter, hurt by a one-time expense due to a US shareholder lawsuit settlement, sending its shares down more than 5 per cent. Satyam stunned investors in 2009 when its former chairman and founder Ramalinga Raju said profits had been overstated and assets falsified in a fraud allegedly worth more than $1.5 billion. The revelation caused the company's shares to plummet. Satyam agreed in February to pay $125 million to settle the US shareholder litigation over that decline. "If you exclude the one-time expense, the growth at the operational level is decent. This can be improved further as the company is still concentrating on stabilising revenue," said Rohit Anand, sector analyst with PINC Research.