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Wipro

Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services company globally. Wipro’s IT Services business was assessed at Level 5 for CMMI V 1.2 across Offshore and Onsite development centers. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has a profitable presence in niche market segments of infrastructure engineering, and consumer products & lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro’s ADS are listed on the New York Stock Exchange, and our equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.

Financials

Financial results under IFRS for its first fiscal quarter ended June 30, 2009.

  • IT Services Revenue in dollar terms was $1,033 million, a sequential decline of 1.3% and YoY decline of 3.3%.
  • IT Services Revenue on constant currency was $1,014 million, a sequential decline of 3.0%. On a constant currency basis, YoY growth was 2.1%.
  • Total Revenues were Rs. 62.46 billion ($1.31 billion(1)), representing an increase of 5% over the same period last year.
  • Net Income was Rs. 10.10 billion ($212 million(1)), representing an increase of 13% over the same period last year.
  • Non-GAAP Adjusted Net Income (excluding impact of accelerated amortization of stock based compensation) was Rs. 10.08 billion ($211 million(1)), representing an increase of 11% over the same period last year.
  • IT Services Revenues were Rs. 48.27 billion ($1,011 million(1)), representing an increase of 10% over the same period last year.
  • IT Services Earnings Before Interest and Tax (EBIT) was Rs. 10.70 billion ($224 million(1)), representing an increase of 17% over the same period last year.
  • IT Services added 26 new clients in the quarter.
  • IT Products Revenues was flat over the same period last year and EBIT grew by 13%.
  • Consumer Care and Lighting Revenue grew 9% over the same period last year and EBIT grew 27%.

Timeline

2015

On 2 December 2015, it was announced that Wipro will acquire German IT consulting company cellent AG for 73.5 million euros (about ₹518 crore).

2009

In September 2009, Dr Henning Kagermann was appointed as a member of the Board of Directors. (Appointment effective from October 27, 2009)

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