SYT - Emails & Research, page-15

@huntfish @Relax1

The Tata deal is not about 22.5% of revenue.

The original presentations put the % share in the 15 - 40% range, on to which we got a 50% increase, thus the bottom figure rises to 22.5%.

Personally I think we get a higher % than that (@ 30% is my hunch).

However whatever the true figure is, its not that percent of revenue we get its that percent of NET revenue we get, there is quite a difference between the two of them.

LOTM