suta janasi bhadram te
bhagavan satvatam patih
jato yasya cikirsaya
Translation by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
All blessings upon you, O Suta Gosvami. You know for what purpose the Personality of Godhead appeared in the womb of Devaki as the son of Vasudeva.
Purport by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
Bhagavan means the almighty God who is the controller of all opulence, power, fame, beauty, knowledge and renunciation. He is the protector of His pure devotees. Although God is equally disposed to everyone, He is especially inclined to His devotees. Sat means the Absolute Truth. And persons who are servitors of the Absolute Truth are called satvatas. And the Personality of Godhead who protects such pure devotees is known as the protector of the satvatas. Bhadram te, or “blessings upon you,” indicates the sages’ anxiety to know the Absolute Truth from the speaker. Lord Sri Krsna, the Supreme Personality of Godhead, appeared to Devaki, the wife of Vasudeva. Vasudeva is the symbol of the transcendental position wherein the appearance of the Supreme Lord takes place.