E preferred market access and transfer pricing the

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Unformatted text preview: osys Revenue USD mn 9629 9544 0.9% 11189 11012 1.6% INR mn 579231 574131 0.9% 659513 649121 1.6% 148,252 150,796 -1.7% 169,550 166,862 1.6% 0 0 0 0 Net Income 118,600 123,213 -3.7% 138,738 139,910 -0.8% EPS 207.34 215.41 -3.7% 242.55 244.60 -0.8% INR/USD 60.16 60.16 0.0% 58.95 58.95 0.0% 407,252 405,429 0.4% 461,442 452,890 1.9% Offshore 1,182,976 1,151,658 2.7% 1,340,385 1,286,475 4.2% Blended 1,590,229 1,557,087 2.1% 1,801,826 1,739,365 3.6% EBITDA EBIT Volume (manmonths) Onsite Realisation (manmonth rate in USD) Onsite 12,413 12,523 -0.9% 12,730 12,936 -1.6% Offshore 3,866 3,878 -0.3% 3,965 4,006 -1.0% Blended 6,055 6,129 -1.2% 6,210 6,331 -1.9% Tata Consultancy Revenue USD mn 16,389 16,455 -0.4% 19,936 20,152 -1.1% INR mn 985,818 989,748 -0.4% 1,175,016 1,187,718 -1.1% EBITDA 297,609 300,893 -1.1% 345,590 356,397 -3.0% EBIT 280,185 283,470 -1.2% 325,111 335,917 -3.2% Net Income 229,884 232,421 -1.1% 271,204 279,574 -3.0% EPS 117.5 118.7 -1.1% 138.6 142.8 -3.0% INR/USD 60.15 60.15 0.0% 58.94 58.94 0.0% Volume (Manmonths) Onsite 962,166 962,166 0.0% 1,125,598 1,125,598 0.0% Offshore 2,485,829 2,485,829 0.0% 3,021,540 3,021,540 0.0% Blended 3,447,995 3,447,995 0.0% 4,147,138 4,147,138 0.0% Realisation (manmonth rate in USD) Onsite 8,426 8,449 -0.3% 8,563 8,649 -1.0% Offshore 3,118 3,126 -0.3% 3,168 3,200 -1.0% Blended 4,599 4,611 -0.3% 4,632 4,679 -1.0% Source: Deutsche Bank Page 18 Deutsche Bank AG/Hong Kong 7 January 2014 Software & Services Indian IT Services Figure 23: Forecast change (cont.) ------------FY15E----------New Old Chg (%) ------------FY16E----------New Old Chg (%) Wipro Revenue USD mn 7,754 7,754 0.0% 9,036 9,036 0.0% INR mn 514,606 514,606 0.0% 593,586 593,586 0.0% EBITDA 121,727 121,727 0.0% 140,403 140,403 0.0% EBIT 109,935 109,935 0.0% 127,445 127,445 0.0% Net Income 90,641 90,641 0.0% 104,398 104,398 0.0% EPS 37.1 37.1 0.0% 42.7 42.7 0.0% INR/USD 60.18 60.50 -0.5% 60.18 60.50 -0.5% Onsite 256,744 256,744 0.0% 299,481 299,481 0.0% Offshore 616,...
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This document was uploaded on 02/06/2014.

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