CFO說

Lupin Ltd CFO, Ramesh Swaminathan

Lupin Ltd.’s point man for mergers and acquisitions figures he has about $1 billion to work with as he hunts for targets to hasten the Indian firm’s move from simple generic drugs to more profitable products. Lupin reported rises in both profit and sales in its third-quarter results last month, aided by a more than 53 percent increase in U.S.sales. Swaminathan said that leaves Lupin well placed to be flexible in its acquisitions strategy. "Everyone’s got a lot more circumspect about the value that they will pay as opposed to about two years ago," he said. "For now I think the assets are correctly priced."

作為印度制藥公司Lupin的并購排頭兵，CFO Ramesh Swaminathan表示，他有大約10億美元資金用于尋找收購目標，以加速這家印度公司從簡單的仿制藥轉向更利潤更高的產品。上個月公布的第三季度業績增長，得益于美國銷售額增長了53%。 Swaminathan表示，這使Lupin在收購策略上能夠保持靈活。“不過，相對于兩年前，每個人都對自己將要支付的價值變得更加謹慎。就目前而言，我認為1.52億美元現金流和8.1億美元債務的定價是合理的。”

Netflix CFO, David Wells

For 2016, Netflix has said it expects to spend about $7 billion on content (including original productions) in 2017. Much of that spending has been funded by debt and is accounted for in future payment obligations, which Netflix amortizes over a multiyear period. Wells acknowledged that at some point, spending on content will hit “diminishing returns,” But, he said, “if we’re able to continue to grow into increasingly a global provider then you should expect [Netflix] to continue to make content investments that sort of follow that.”

2016年，Netflix預計2017年在內容(包括原創作品)上花費70億美元左右。這些支出大部分來自債務融資，而且是未來付款義務的一部分，Netflix將在多年時間內分期付款。 CFO David Wells承認，在內容上的支出有時候會出現“收益遞減”的現象。但他同時強調，“如果我們能夠繼續成長為一個全球供應商，到時候就有可能繼續進行內容投資。

L&T CFO, R Shankar Raman

In addition to restructuring businesses within the group and monetising non-core activities, L&T is looking at bettering performance by optimising costs, using resources more efficiently, reducing project time and cost overruns, as well as increasing overall competitiveness and productivity. R Shankar Raman, L&T’s Chief Financial Officer said, “We have set ourselves some tasks, it was important to move from as low as 10 per cent in FY15 to 12 per cent — so we moved to 13 per cent in FY16. The difficult paths start now... ”Raman said. “I need to walk that path for a few more years, since you cannot move from 10 per cent to 18 per cent in one jump,” he added.

印度最大的工程公司Larsen&Toubro除了在集團內部重組業務和將非核心業務貨幣化之外，還著眼于通過優化成本、更有效地利用資源、縮短項目時間和成本超支以及提高整體競爭力和生產率來改善績效。CFO R Shankar Raman解釋說，“我們已經設定了一些目標，希望2016財年的業績增長率提高到12%，實際做到了13%。艱難的道路才真正開始，這條路還需要再走幾年，因為不可能在一次跳躍中從10%上升到18%。”