Fakten zu Internet Capital = Strong Buy

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Fakten zu Internet Capital = Strong Buy Libuda
Libuda:

Fakten zu Internet Capital = Strong Buy

 
23.10.05 11:02
#1
www.internetcapital.com/investors/...f/icginvestpres091305.pdf
Fakten zu Internet Capital = Strong Buy Libuda
Libuda:

So etwas will Freeborders, die 48%-Beteiligung von

 
23.10.05 20:27
#2


Internet Capital auch werden. Noch sind die ein Zwerg, aber dafür hat Wipro ja auch ein Marktkapitalisierung von 14 Milliarden Dollar. Allerdings wächst Freeborders mit über 100% viermal so schnell wie Wipro uns hat an seinem Standort China wesentlich niedrigere Kosten. Würde man nach den Umsätzen gehen, wäre Freeborders heute schon - ausgehend von den 14 Milliarden von Wipro 300 Millionen wert, unter Berücksichtigung der viermal höheren Wachstumsrate vielleicht auch 400 bis 500 Millionen.

Wipro Records 23% Growth in Net Income
Tuesday October 18, 11:30 pm ET
Results for the Quarter Ended September 30, 2005 under US GAAP


BANGALORE, India & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 19, 2005--Wipro Limited (NYSE:WIT - News) today announced financial results under US GAAP for its second fiscal quarter ended September 30, 2005.
Highlights:

Results for the quarter ended September 30, 2005

Net Income grew by 23% over the corresponding period in the previous year to Rs. 4.7 billion ($107.1 million)
Revenue increased by 26% over the corresponding period in the previous year to Rs. 25.0 billion ($568.2 million)
Global IT Services & Products segment Revenue was Rs. 18.9 billion ($430.6 million), representing an increase of 27% over the corresponding period in the previous year contributed primarily by volume growth
Global IT Services & Products Earnings before Interest and Tax (EBIT) was Rs. 4.5 billion ($102.4 million)
Global IT Services & Products added 39 new clients in the quarter, including 2 new clients in BPO services
The India, Middle East and Asia Pac Business Unit recorded 43% growth in EBIT over the corresponding period in the previous year; and Revenue grew by 26%

Outlook for the Quarter ending December 31, 2005

Azim Premji, Chairman of Wipro Limited commenting on the results said, "The quarter once again demonstrated the depth of our management and robustness of our processes as we smoothly managed organizational transitions to deliver a solid quarter. The Global IT business sustained its momentum, recording double digit volume growth sequentially, resulting in Revenues for the quarter being $430.7 million against our guidance of $422 million. Our continued success in delivering broad based results positions us well to lead industry growth. Looking ahead, for the quarter ending December 2005, we expect Revenues from our Global IT services business to be approximately $463 million."

Suresh Senapaty, Chief Financial Officer, said, "We saw robust sequential Revenue growth in all our business units, with our Finance Solutions and Technology Business delivering sequential double digit growth. Our differentiated services -- Technology Infrastructure Services and Testing Services -- posted double digit sequential growth as well. On the profitability front, we were able to expand our Operating Margins despite a gross addition of over 5,600 people in our IT Services team and lower price realizations. In line with our expectations, our BPO business delivered improved profitability for the quarter."

Wipro Limited

Total Revenues for the quarter ended September 30, 2005 were Rs. 25.0 billion ($568.2 million), representing a 26% increase over the corresponding period in the previous year. Net Income was Rs. 4.7 billion ($107.1 million), representing an increase of 23% over the same period last year. Earnings per share was Rs. 3.35 ($0.08) for the quarter ended September 30, 2005, representing an increase of 21% over the earnings per share of Rs. 2.76 for the quarter ended September 30, 2004.

Global IT Services & Products (76% of Revenues and 88% of Operating Income for quarter ended September 30, 2005)

Our Global IT Services & Products business segment recorded Revenue of Rs. 18.9 billion(1) ($430.6 million) for the quarter ended September 30, 2005, representing an increase of 27% over the same period last year. EBIT was Rs. 4.5 billion ($102.4 million) for the quarter ended September 30, 2005, representing an increase of 12% over the same period last year. Operating Income to Revenue for the quarter ended September 30, 2005 was 23.8%, representing a decrease of approximately 3.1% from the quarter ended September 30, 2004. This decrease was primarily due to currency appreciation and lower utilization. Return on Capital Employed (ROCE) for the quarter was 61% compared to 76% for the quarter ended September 30, 2004.

As of September 30, 2005, we had 45,835 employees, which include 32,856 employees in the IT Services business and 12,979 employees in the BPO business. This includes a net addition of 4,575 employees in IT Services.

During the quarter, we added 39 new clients, including 2 new clients in BPO services. We continued to build on our strengths in US with 23 new clients, and further increased our presence in Europe with 10 new clients. This quarter saw Wipro add clients across business lines, testimony to our investment in a broad suite of services and an integrated approach to enhancing client performance. Wins include a global pharmaceutical company, a leading online auction player, and a leading global manufacturer of consumer products. We also won an Order to Bill engagement that involves and integrated IT & BPO solution for a data communications major.

Wipro also announced its decision to open a near shore center in Eastern Europe. The new facility is expected to expand Wipro's language capabilities for Voice, Transaction Processing and L1/L2 support for Infrastructure Management.

India and Asia-Pac IT Services & Products (16% of Revenue and 6% of Operating Income for quarter ended September 30, 2005)

Our India and Asia-Pac Services and Products business segment (Wipro Infotech) recorded Revenue of Rs. 3.9 billion ($89 million) for the quarter ended September 30, 2005, representing an increase of 26% over the quarter ended September 30, 2004. EBIT for the quarter ended September 30, 2005, was Rs. 321 million ($7.3 million), representing an increase of 43% over the corresponding period in the previous year.

Operating Margin for the quarter ended September 30, 2005 was 8.2%, representing an increase of approximately 0.9% compared to the quarter ended September 30, 2004. ROCE for the quarter was 61% compared to 46% for the quarter ended September 30, 2004.

Consumer Care & Lighting (5% of Revenue and 4% of Operating Income for quarter ended September 30, 2005)

Our Consumer Care & Lighting business segment recorded Revenue of Rs. 1.36 billion ($30.9 million) for the quarter ended September 30, 2005, representing a 22.5% increase over Revenue of Rs. 1.1 billion for the quarter ended September 30, 2004. EBIT was Rs. 190 million ($4.3 million) for the quarter ended September 30, 2005, representing a 14% increase over EBIT of Rs. 167 million for the quarter ended September 30, 2004. ROCE for the quarter was 86% compared to 83% for the quarter ended September 30, 2004.

Our results for the quarter ended September 30, 2005, computed under Indian GAAP and US GAAP, along with individual business segment reports are available in the Investor Relations section of our website at www.wipro.com.

For the convenience of the reader, the amounts in Indian rupees in this release have been translated into United States dollars at the noon buying rate in New York City on September 30, 2005, for cable transfers in Indian rupees, as certified by the Federal Reserve Bank of New York which is $1=Rs.43.94. However, the realized exchange rate in our Global IT Services & Products segment for the quarter ended September 30, 2005 is $1=Rs.43.93.

Quarterly Conference call

Wipro will hold conference calls today at 11:45 AM Indian Standard Time (2:15 AM US Eastern Time) & at 6:45 PM Indian Standard Time (9:15 AM US Eastern Time) to discuss the company's performance for the quarter and answer questions sent to email sridhar.ramasubbu@wipro.c om. An audio recording of the management discussions and the question & answer session will be available online and will be accessible in the Investor Relations section of the company website at www.wipro.com shortly after the live broa
Fakten zu Internet Capital = Strong Buy Libuda

Nochmals Wipro und Freeborders, wo Internet Capita

 
#3


48% hält und die inzwischen zum wohl größten IT-Outsourcer in China aufgestiegen sind - im Vergleich mit den Indern allerdings noch ein Zwerg.

Heute heißt es in der FTD dazu:

"Indische IT-Dienstleister profitieren von großne Aufträgen

Umsatz von Wipro wächst stärker als erwartet

Im Wettbewerb um global agierenden IT-Service können indische IT-Dienstleister weiter kräftig zulegen. Gestern meldet Wipro, der drittgrößte indische Anbieter, gute Zahlen. Der Umsatz stieg gebenüber Vorjahr um 26% auf 464 Millionen Euro und lag damit leicht über den Analystenerwartungen. Große Aufträge aus den USA und Europa hatten zuletzt auch Umsätze und Gewinne von Tata Consultancy Services und Infosys stark steigen lassen. Die gut Geschäftszahlen der führenden indische IT-Dienstleister zeigen das ungebrochen hohe Interesse an der Verlagerung von Informationstechnik in Niedriglohnländer."

Freeborders ist zwar gegenüber Wipro ein Zwerg, schafft in 2005 vermutlich in etwas mehr als ein Fünzigstel des Umsatzvolumens, wächst aber mit über 100% zur Zeit mehr als viermal so schnell wie die Inder. Aus der Marktkapitalisirung der Inder von 14 Milliarden Dollar, ließe sich daraus ein Wert für Freeborders von 300 MIllionen ableiten. Berücksichtigt man die viermal so hohe Wachstumsrate von Freeborders, düfte aber der Wert eher bei 400 bis 500 Millionen liegen. Was dann die 48% von Internet Capital wert sind, könnt Ihr sicher selber ausrechnen.



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