Sounds like bunch of BS to me. Here is what you need to know about constant currency Software company results usually set the tone for the entire earnings season for corporate India. And the top-tier IT companies usually deluge you with disclosures. If you’re an investor interested in how the company is doing, pay close attention to whether the numbers are actual or based on ‘constant currency’. Most companies tend to highlight whichever numbers make them look good.
Constant currency reporting does have its advantages. If constant currency numbers trump actual, it indicates that business traction is very much there, just that adverse currency is playing spoilsport. For investors however, it is actuals which may sway stock prices. Valuations are based on only the numbers actually realised. Most analysts, however, tend to dwell on which number presents the most realistic picture for a company.
As an employee in an IT company too, you may be interested in how it is doing. (You may get a sizeable portion of pay as employee stock options, for example). Constant currency reporting helps you gauge if the firm you’re working for is in good shape.
HP and meg is all about the shareholders and her pocket book. Enterprise employees are offered contract jobs at 10-20% less, horrible insurance and no severance package. Furthermore, you lose your vacation if you quit. If you are looking for a job, you have a chance if you are an indian who is willing to work for 30% less salary than white people, and do not mind working 70 hours a week with no over time.