KPIT Cummins Infosystems Ltd.
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We met Mr. Sanjay Sinha, Head – Business Development & Investor Relations and Karthik Krishnan, Manager – Investor Relations to get an update of the recent business developments and to check management’s preparedness and confidence for achieving revenue and earnings target under its Mission 2010.
Under the Mission 2010, the company has set a target of achieving US$250mn in revenues and US$40mn in earnings by FY10. This calls for a CAGR of ~35.5% in
revenues from FY07E US$100mn and ~50.5% in earnings from FY07E
US$11.6mn over FY07-10. Management has clarified that it should not be construed as a formal guidance as it actually defines the general direction of growth of the company.