(SONATA vs INFOSYS)
Under the Guidance of:
Dr. Sandeep Goel
13/09/2010
Group-9, PGPM-2010 Sec-A
Nipun Goel(10P035)
Atul Bucha(10P013)
Manu Kulkarni(10P028)
Vaibhav Goyal(10P058)
Harsh Maru(10P018)
Dheeraj Nagpal(10P015)
ACKNOWLEDGEMENT
We wish to express our sincere gratitude to Dr.Sandeep Goel for providing us an opportunity to do our project work on “FINANCIAL ANALYSIS OF IT SERVICES SECTOR (INFOSYS vs SONATA)” .This project bears on imprint of many people. We sincerely thank to him as our project guide for guidance and encouragement in carrying out this project work.
We wish to avail ourselves of this opportunity, express a sense of gratitude and love to our friends, project mates and our beloved parents for their manual support, strength, and help and for everything
Place: Gurgaon
Date: 02/13/2010
Table of Contents THE INDIAN IT SECTOR 5 INFOSYS 6 Global Delivery Model (GDM) 8 Enterprise Risk Management (ERM) 8 SONATA 9 Opportunities and threats: 9 Financial highlights: 11 PERFORMANCE SUMMARY 13 Infosys Technologies (Analysis of Balance sheet) 15 Sources of funds 16 Applications of funds 16 Analysis of Income Statement 18 Earnings before interest and tax (EBIT) 19 Sonata Software (Analysis of Balance sheet) 20 Sources of funds 22 Applications of funds 22 Analysis of Income Statement 24 Sales 25 EBIT 25 Net Profit 26 Share Price Performance 27 RAG STATUS: 27 INDIVIDUAL RATIOs: 29 Solvency Ratio 29 RECEIVABLE TURNOVER 30 DAYS OF SALES OUTSTANDING 30 FIXED ASSET TURNOVER 31 TOTAL ASSET TURNOVER 31 CURRENT RATIO 32 QUICK RATIO 33 CASH RATIO 33 DEFENSIVE INTERVAL RATIO 34 Financial Leverage Ratio: 35 Profitability Ratio: 36 Gross Profit Margin 36 Operating Profit Margin 36 Calculation Templates 42 REFERENCES 42
THE INDIAN IT SECTOR
The Indian software industry, from its very humble beginnings,
References: 1. www.capitaline.com 2. www.wikipedia.org 3. www.sec.gov 4. www.sonatasoftware.in 5. www.investopedia.com 6. www.infosys.com