CFO说

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."

作为印度制药公司Lupin的并购排头兵，CFO Ramesh Swaminathan表示，他有大约10亿美元资金用于寻找收购目标，以加速这家印度公司从简单的仿制药转向更利润更高的产品。上个月公布的第三季度业绩增长，得益于美国销售额增长了53%。 Swaminathan表示，这使Lupin在收购策略上能够保持灵活。“不过，相对于两年前，每个人都对自己将要支付的价值变得更加谨慎。就目前而言，我认为1.52亿美元现金流和8.1亿美元债务的定价是合理的。”

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预计2017年在内容(包括原创作品)上花费70亿美元左右。这些支出大部分来自债务融资，而且是未来付款义务的一部分，Netflix将在多年时间内分期付款。 CFO David Wells承认，在内容上的支出有时候会出现“收益递减”的现象。但他同时强调，“如果我们能够继续成长为一个全球供应商，到时候就有可能继续进行内容投资。

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除了在集团内部重组业务和将非核心业务货币化之外，还着眼于通过优化成本、更有效地利用资源、缩短项目时间和成本超支以及提高整体竞争力和生产率来改善绩效。CFO R Shankar Raman解释说，“我们已经设定了一些目标，希望2016财年的业绩增长率提高到12%，实际做到了13%。艰难的道路才真正开始，这条路还需要再走几年，因为不可能在一次跳跃中从10%上升到18%。”