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Annual Report 2016-17
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Your Company has signed a strategic collaboration with Partners Healthcare to develop a new industry-wide open-
source platform to bring digital transformation to clinical care. This four-year collaboration will bring together the
world class clinicians and researchers at Partners HealthCare with your Company’s innovative healthcare technology
and product engineering e[pertise. The co-developed digital platform will be based on SMART (open, standards-based
technology platform) along with FHIR (Fast Healthcare Interoperability Resources). The platform will enable provider
systems across the country to rapidly and cost effectively deploy industry-leading best practices in clinical care across
their ecosystems.
Your Company has partnered with USAA, a onancial services provider that serves members of the US military and their
families. USAA has been an innovator in securing authentication and onancial transactions through a process that
e[tends beyond user passwords and security questions. The development and intellectual property rights granted to
your Company stem from innovations that USAA uses to identify and verify members, while also protecting their privacy.
Through this agreement, your Company will e[tend these technologies and address a growing market opportunity for
digital security products and solutions in the onancial services industry. Your Company will focus on authentication and
security solutions based on concepts such as micro-trust, risk-aware, conte[tual and personalized, in conjunction with
technologies related to biometrics, risk modeling and dynamic prooong.
Acquisitions
Your Company completed the acquisition of PRM Cloud Solutions, one of Australia’s leading Salesforce partner and
cloud application development orms. Your Company also completed the acquisition of Gen:i, a Bay area based startup,
focused on building digital solutions. Both these acquisitions augment the capabilities of the Digital Unit.
VLDB and Smart India Hackathon 2017
Your Company hosted the 42
nd
International Conference on Very /arge Databases (V/DB) in Delhi in September 2016.
The conference is a premier research conference in the database area and was a stellar success. There were more than
900 participants from 39 countries who will cherish their e[perience of attending the conference and visiting India for
the rest of their lives.
Your Company was one of the organizers of Smart India Hackathon 2017, a 36 hours non-stop digital product
development competition, initiated by All India Council for Technical Education (AICTE) under the aegis of the Ministry
of Human Resource Development (MHRD). For the onal 36-hour hackathon, 1,250 teams, 10,000 participants worked
in 26 locations across the country on more than 600 problems shared by 29 ministries. Prime Minister, Shri. Narendra
Modi also addressed the students as part of this event.
Financial Results
The highlights of the onancial performance on a consolidated basis for the year ended March 31, 2017 are as under:
Particulars
(Amount in USD Million
except EPS and Book
Value)
(Amount in
`
Million except
EPS and Book Value)
%
Change
(based on the
amounts in
`
)
2016-17 2015-16 2016-17 2015-16
Revenue from Operations
429.01
351.65 28,784.39
23,123.31
24.48
Earnings before interest, depreciation and
amortization, e[ceptional item and ta[es
69.36
59.54 4,653.47
3,915.08
18.86
Finance Cost
0.01
0.01
0.91
0.92
(1.09)
Depreciation and amortization
22.21
15.06
1,490.17
990.13
50.50
E[ceptional item (E[pense)
1.70
-
114.11
-
Other income
14.28
11.75
958.45
772.88
24.01
Provision for income ta[
14.79
14.05
992.08
923.92
7.38
Net proot for the year
44.93
42.17
3,014.65
2,772.99
8.71
Transfer to general reserve
17.53
16.15
1,176.12
1,061.84
10.76
Net worth*
292.50
249.16 18,968.38 16,504.58
14.93
Earnings per share (EPS) (Basic)
0.56
0.53
37.68
34.74
8.46
Earnings per share (EPS) (Diluted)
0.56
0.53
37.68
34.66
8.71
Book value per equity share
3.66
3.11
237.10
206.31
14.92
[Conversion Rate USD 1 =
`
67.09 for Proot and /oss items USD 1 =
`
64.85 for Balance Sheet items (onancial year 2016-17) and USD 1 =
`
65.76 for Proot
and /oss items USD 1 =
`
66.24 for Balance Sheet items (onancial year 2015-16)@.
*Net worth = Equity Share Capital Reserves and Surplus (e[cluding capital reserve) Other Comprehensive Income.