Dayanand Menashi

Why is Accenture's Market Cap Less Than Infosys'?

Ciba,
I guess we are are diverting our attention to the initial discussion. : If we want to come to any conclusion we should decide on the following points.

1. What is the number of shares outstanding for Accenture.:
In my opinion it is 584 mn shares which have been stated in its 10-k report. But in your opinion you feel the number of shares outstanding is 850 mn because you are also counting the Class-X shares which actually are not traded and dont have any economic value. they just have voting right.

2. What should be the formula to calculate market cap.
In my opinion it should be the number of shares publicly traded x stock price.
In your opinion it should be all the shares for the company x stock price.