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... and research and development services in the areas of hardware and software design. ... custom application design, development, reengineering and …
Wipro

General Company Info

Founded in 1945 and headquartered in Bangalore, India, Wipro Technologies (NYSE: WIT) is a global services provider delivering technology-driven business solutions that meet the strategic objectives of our clients. It offers software solutions, IT services, IT consulting, business process outsourcing services, and research and development services in the areas of hardware and software design. The company serves markets, such as manufacturing, banking, financial services and insurance, government, IT and IT-enabled services, telecommunications, and education. Wipro has 40+ ‘Centers of Excellence’ that create solutions around specific needs of industries. The company is the World's first CMMi Level 5 certified software services company and the first outside USA to receive the IEEE Software Process Award. Combined, its IT business generates more than 90% of total revenue and 95% of net income. Operating in about 35 countries, it is one of India's leading providers system integration and outsourcing services, but it also manufactures a variety of consumer products, including hand soap.

|Statements |2006 |2005 |2004 | |Revenue ($ mil.) |2,387.40 |1,863.00 |1,346.40 | |Gross Profit ($ mil.) |775.3 |629.7 |447.8 | |Operating Income ($ mil.) |494.4 |408.9 |251.2 | |Total Net Income ($ mil.) |456.1 |362.6 |230.2 |

Segments

Global IT Services and Products: offers information technology consulting, custom application design, development, reengineering and maintenance, systems integration, package implementation, technology infrastructure outsourcing, BPO services, and research and development services in the areas of hardware and software design. India and Asia Pac IT Services and Products: offers technology products, such as personal desktop computers, servers, notebooks, storage products, networking solutions, and packaged software; technology integration, information technology management, and infrastructure outsourcing services; custom application development, application integration, package implementation, and maintenance; and consulting services. It also provides enterprise solutions, and research and development services. Consumer Care and Lighting: manufactures hydrogenated cooking oil, soaps and toiletries, light bulbs and fluorescent tubes, and lighting accessories.

In the news

Nov 13 – Since December Wipro Ltd. has made seven acquisitions. And it's waiting to close on two more. Management is always scouting the market for prospective candidates, says Shridhar Ramasubbu, chief financial officer for the Americas and Europe. Wipro is out to expand its offerings and raise revenue. Wipro uses acquisitions to expand service lines and deepen its expertise and knowledge about industries it serves. "We're doing acquisitions to go up the value chain and to acquire competencies in specific vertical industries," Ramasubbu said.

Nov 8 – Wipro Technologies, the Global IT Services Business of Wipro Ltd and HealthSciences Institute today announced the launch of "Accelerated Practice Improvement" service for the US Health Plans market. "Accelerating Practice Improvement" is designed to assist Health Plans in US, implement Pay-for-Performance Incentive (P4P) programs for primary & specialty care physician practices.

Nov 2 – Wipro Technologies, the Global IT services business of Wipro Limited, today announced that Wipro is the first organization to join the Application Compatibility Factory (ACF). As an ACF partner, Wipro will enable enterprise customers worldwide to migrate their applications from their existing platforms to the Windows Vista operating system from Microsoft Corp.

Top Competitors

Infosys - one of India's leading technology consulting firms. IBM Global Services - world's biggest provider of systems integration and technology consulting. Tata Consultancy – a leading provider of consulting and outsourcing services.

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