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Wipro
(BSE: WIPRO)
India
Wipro Technologies seems to have ridden out last year's hard times, following the departure of charismatic former Chief Executive Vivek Paul last July. Since then, chairman and 82%-owner Azim Premji took over the reins and quickly reorganized the management. Premji increased the company's focus on more profitable and high-growth services such as infrastructure management and maintained Wipro's position as the world's largest independent research-and-development services provider. Premji's moves helped push revenues and profits up 30%. This year, a confident Premji has been on an acquisition spree, spending nearly $200 million on six European and U.S. companies, including Austria's R&D services boutique NewLogic, New Jersey's payment processor mPower, and Michigan's mechanical design services firm Quantech. Premji calls it his "string of pearls" strategy of acquiring niche boutique firms, and it's helping Wipro expand its global footprint.
Company Info |
|
| 2005 Rank | 23 |
| Sales* ($ Millions) | 2,290.7 |
| Sales Growth (over prev. year) |
30 % |
| Profits* ($ Millions) | 448.6 |
| Return on Equity | 31.4 % |
| Total Return on Sales (12-mo.) | 26.4 |
| Share Price As of 5/31/06 | 9.72 |
| CURRENT MARKET INFO | BSE: WIPRO |
| No. of Employees | |
| Industry | Services |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Wipro provides information technology services worldwide. 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 operates in three segments: global IT services and products, India and Asia Pac IT services and products, and consumer care and lighting. The global IT services & products segment offers enterprise IT services, technology infrastructure support services, research and development services, and business process outsourcing services. This segment markets its products through direct sales force with locations in the U.S., France, Germany, Holland, Japan, Sweden, and Britain. The India and Asia Pac IT services and products segment offers technology products, such as personal desktop computers, servers, notebooks, storage products, networking solutions, and packaged software; technology integration, IT 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. This segment markets its products through direct sales force and channel partners in India, Asia Pacific, and Middle-East regions. The consumer care and lighting segment manufactures hydrogenated cooking oil, soaps and toiletries, light bulbs and fluorescent tubes, and lighting accessories. This segment markets its products through direct sales force and distribution networks in India. Wipro was incorporated in 1945 and is headquartered in Bangalore, India.
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