Infosys Annual report 2007-08

reading the Infosys annual report is always a great pleasure.. it has that 'feel good factor' from the India Shining campaign..
and 2007-08 report, with the theme Power of Talent does not disappoint on any front..

apart from a 20 pages Management Discussion & Analysis (MDA) which is very unlike the usually seen 20 liner rubbish drafted by most listed companies in India.. and the most elaborate and easy & sensible Director's Report, it also contains non-mandatory parts such as:

• Value Added Statement
• Economic Value Added (EVA)
• Intangibles Scoresheet
• Value Reporting
• Brand Valuation
• Employee strength data of past 10 yrs
• Financial data of past 10 yrs
• Rupee Sensitivity
• Currencywise revenue break-up
• Debtors composition & movement details
• Explanation on STPI Scheme and SEZs

and although it is very likely for a reader like me to get overwhelmed with so much of data, the presentation is absolutely lucid and exciting..

and most imp & thankfully, the financial data is in 'Rs crores' and not 'million' which is used by so many WANNABE companies these days, much to the irritation of indian readers.

some highlights from the report:

• Market cap - 85,000cr apprx
  
• Revenues - Rs 16,600 crores (4 billion dollars)
• 97% revenues from repeat business
• 70% revenue in US$, 15% in GBP, 5% in Euro
  
• Total active clients - 550 apprx
• 90% revenue from STPI units, 6% in SEZs
  
• 52 Global Development Centres (26 in India)
• 11 GDCs in N.America, 9 in Europe
• 40% revenue from Financial Services industry, 22% from Telecom
  
• Issued capital - 286 crores
• EPS 80
• Cost of Capital - 13.3% apprx
  
• B/V 250 per share
• Debtors 3,000 cr (apprx 20%)
• 67 days O/s debtors avg
  
• only 4% revenues taxable in India

and most imp

• not a single dollar in topline which was not hedged