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Segment reporting
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment reporting

 

26. Segment reporting

The Company manages various types of business process and information technology services in an integrated manner for clients in various industries and geographic locations. The Company’s Chief Executive Officer, who has been identified as the Chief Operation Decision Maker (CODM), reviews financial information prepared on a consolidated basis, accompanied by disaggregated information about revenue and adjusted operating income by identified business units. The identified business units are organized for operational reasons and represent either services-based, customer-based, industry-based or geography-based units. There is significant overlap between the manner in which the business units are organized. Additionally, the composition and organization of the business units is fluid and the structure changes regularly in response to growth of the overall business, acquisitions and changes in the reporting structure, clients, services, industries served, and delivery centers.

Based on an overall evaluation of all facts and circumstances, and after combining operating segments with similar economic characteristics that comply with other aggregation criteria specified in the FASB guidance on segment reporting, the Company has determined that it operates as a single reportable segment.

Net revenues by service type are as follows:

 

 

 

Year ended December 31,

 

 

 

2015

 

 

2016

 

 

2017

 

Business process outsourcing

 

$

1,933,095

 

 

$

2,083,450

 

 

$

2,264,335

 

Information technology services

 

 

527,949

 

 

 

487,306

 

 

 

472,594

 

Total net revenues

 

$

2,461,044

 

 

$

2,570,756

 

 

$

2,736,929

 

 

Revenues from clients based on the industry serviced are as follows:

 

 

 

Year ended December 31,

 

 

 

2015

 

 

2016

 

 

2017

 

Banking, financial services and insurance

 

$

1,030,584

 

 

$

1,055,704

 

 

$

1,105,731

 

Manufacturing, including pharmaceuticals

   and medical equipment manufacturing

 

 

878,570

 

 

 

958,779

 

 

 

1,002,973

 

Technology, healthcare and other services

 

 

551,890

 

 

 

556,273

 

 

 

628,225

 

Total net revenues

 

$

2,461,044

 

 

$

2,570,756

 

 

$

2,736,929

 

 

Net revenues from geographic areas based on the location of the Company’s service delivery centers are as follows. A portion of net revenues attributable to India consists of net revenues for services performed by delivery centers in India or at clients’ premises outside of India by business units or personnel normally based in India.

 

 

 

Year ended December 31,

 

 

 

2015

 

 

2016

 

 

2017

 

India

 

$

1,687,699

 

 

$

1,804,113

 

 

$

1,712,783

 

Asia, other than India

 

 

238,529

 

 

 

249,839

 

 

 

286,338

 

North and Latin America

 

 

304,879

 

 

 

282,434

 

 

 

455,059

 

Europe

 

 

229,937

 

 

 

234,370

 

 

 

282,749

 

Total net revenues

 

$

2,461,044

 

 

$

2,570,756

 

 

$

2,736,929

 

 

Revenues from GE comprised 19%, 14% and 10% of the Company’s consolidated total net revenues in 2015, 2016 and 2017, respectively. No other customer accounted for 10% or more of the Company’s consolidated total net revenues during these periods.

26. Segment reporting (Continued)

Property, plant and equipment, net by geographic region are as follows:

 

 

 

As of December 31,

 

 

 

2016

 

 

2017

 

India

 

$

116,417

 

 

$

125,490

 

Asia, other than India

 

 

13,549

 

 

 

15,899

 

North and Latin America

 

 

44,633

 

 

 

38,438

 

Europe

 

 

18,619

 

 

 

27,203

 

Total

 

$

193,218

 

 

$

207,030