Mumbai: Satyam Computer Service is expected to report the highest revenue growth in rupee terms for the December quarter among its peer group and its dollar revenues are expected to be only a tad below its guidance, says consensus estimates of six brokerages.

According to a report appeared in The Economic Times, the embattled software major is likely to announce its quarterly results on January 16 or 20. A few brokerage firms like CLSA expect Satyam to meet its dollar guidance of $634-652.2 million for the third quarter with revenues of $640 million. According to CLSA, while Satyam is expected to maintain its full fiscal revenue guidance, Infosys Technologies is expected to scale down guidance for FY09.

Satyam, Infosys and Wipro have a higher exposure to the dollar, when compared to Tata Consultancy Services (TCS) and HCL Technologies. And the rupee's fall against the dollar will definitely have a positive impact on their revenue. At the same time, the pound's fall against the rupee will impact companies like TCS, which have a higher pound exposure, says IIFL's Sandeep Muthangi.

However, Satyam has no big reason to cheer for as its stock price will remain cheap because of the loss of investors' confidence in the management. While the December quarter is typically weaker because of the more numbers of holidays, the slowdown this year has caused forced shutdowns by clients.