It is my privilege and honour to be writing to you on this occasion. Your company hasperformed well in its strategic growth areas in FY17-18 reporting a 16% growth in totalincome and 38% increase in PBT as compared to FY16-17.
While the global macro-economic outlook continues to be dynamic with currencyvolatility and market uncertainties our concerted efforts in focusing on selectindustries and putting our customers always at the center of everything we do hasresulted in improved top line and bottom line performance.
Your company is recognized as a specialized service provider for product design andengineering services. Our integrated technology and design teams help enterprisesre-imagine their products and services - from strategy consumer research and insights toservice and experience design technology implementation integration launch and beyond.
Technology convergence and digital technologies are creating new opportunities toimpact customer experience and fuel the growth of brands and businesses across the world.It is an era characterized by unprecedented volume variety and velocity of innovation.And these possibilities will be multiplied by emerging technology breakthroughs in fieldssuch as artificial intelligence robotics the Internet of Things autonomous vehicles3-D printing nanotechnology biotechnology materials science energy storage quantumcomputing and more.
Your Company has been investing in key digital technologies over the past few yearsthrough Centers of Excellence in areas such as AI and Analytics Extended Reality andAutomation. This complements the integrated technology and design services o3erings andhelps us create greater value for our customers across industries.
Your company is developing products and solutions that leverage digital technologiesfor key industry verticals - such as autonomous driving monitoring quality of experienceand test automation. We will continue to invest in new technology areas designcapabilities and talent development to meet the current and emerging needs of ourcustomers.
For the first time in the history of the Company your Company had issued bonus sharesin the ratio of 1:1 to all shareholders in September 2017.
I am pleased to inform you that our Board of Directors has recommended a final dividendof Rs. 11 per share.
On behalf of the entire Board of Directors and the management team I would like tothank you for your continued support and encouragement.
N G Subramaniam