Wipro projects $1.05 billion from IT services in Q4

May 6th, 2009 BANGALORE - Wipro Technologies has bagged an outsourcing contract for an undisclosed amount from telecom company Unitech Wireless, the IT firm said Wednesday. Unitech Wireless, which received licence last year to operate in 22 telecom circles in the country, is yet to launch its services.

December 22nd, 2008 BANGALORE - India's second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal. As part of the deal, Wipro and Citi will sign a Master Services Agreement for delivery of technology infrastructure services and application development and maintenance services for six years, which is projected to accrue $500 million during the contract.

June 18th, 2009 BANGALORE - IT bellwether Tata Consultancy Services (TCS) is eyeing e-governance projects to cope with the downturn, according to a senior company official. "Post-elections, we believe conditions are ripe for e-governance projects to take off at the central and state levels," TCS chief financial officer S.

June 3rd, 2009 MUMBAI - Software giant Wipro's revenues will not be affected because of the bankruptcy of Detroit-based customer General Motors Corp, the Indian IT bellwether said in a regulatory filing Wednesday. "General Motors accounts for less than 1 percent of Wipro's IT services segment revenue, and our assessment is that a substantial portion is expected to continue," the company statement read.

January 20th, 2009 BANGALORE - Wipro Ltd has posted a net profit of Rs.10.04 billion (Rs.1,004 crore/$204 million) for the third quarter (October-December) of this fiscal (2008-09), registering 18 percent year-on-year (YoY) growth under the Indian accounting system. In regulatory filing Wednesday, the IT bellwether said its consolidated revenues for the quarter under review (Q3) was Rs.66.18 billion (Rs.6,618 crore), posting 25 percent YoY growth.

December 22nd, 2008 BANGALORE - The ailing global financial services firm Citigroup Inc is selling its India-based captive IT services subsidiary City Technology Services (CTS) to Wipro Technologies for $127 million (Rs.6.2 billion) in an all-cash deal, the IT bellwether announced here Tuesday. Of the total value for 100 percent equity, Wipro will pay $26 million in cash towards premium and $101 million for the assets of CTS in Mumbai and Chennai.

January 20th, 2009 BANGALORE - Wipro Ltd posted net profit of Rs.10.04 billion (Rs.1,004 crore/$204 million) for the third quarter (October-December) of this fiscal (2008-09) as against Rs.8.54 billion (Rs. 8,540 crore) in the same period last fiscal, registering 18 percent year-on-year (YoY) growth under the Indian accounting system.

August 13th, 2009 BANGALORE - Global software major Wipro Technologies Thursday said it has set up a consulting academy in the US to strengthen the customer management skills of its frontline employees. The enterprise application services consulting academy will inculcate the right engagement behaviour at an early stage for improving customer satisfaction, the company said in a statement here.

March 13th, 2009 BANGALORE - Wipro Infotech has bagged a Rs.11.82-billion (Rs.1,182-crore) IT outsourcing contract from the state-run Employees State Insurance Corp (ESIC), the company said Friday. In bagging the deal, Wipro outbid India's other two IT bellwethers Tata Consultancy Services (TCS) and Infosys Technologies in a global tender floated in November 2008 for ESIC's 'Project Panchdeep'.

July 29th, 2009 NEW DELHI - India's information technology and outsourcing industry is expected to grow over 7 percent this fiscal to log revenues of $64 billion with much faster expansion within the domestic market, a leading industry group said Wednesday. The National Association of Software and Service Companies (Nasscom) has forecast in its latest study that the software and outsourcing industry will log an export growth of 4-7 percent this fiscal to log $48-50 billion in revenues.

April 28th, 2009 HYDERABAD - Despite the economic slowdown, Wipro BPO, the business process outsourcing division of IT giant Wipro Technologies, is hiring personnel and expanding its operations globally, a top official said here Tuesday.'For the last six months, we have been hearing depressing news about people losing jobs and companies resorting to cost-cutting measures but we are still looking for people,' Wipro BPO head Ashutosh Vaidya told reporters. The company plans to expand its BPO facility in Hyderabad by recruiting 1,000 to 1,200 people over the next six to eight months, he said.

May 28th, 2009 BANGALORE - Global software major Wipro Technologies has set up a virtual innovation centre for testing services on Second Life, the popular virtual world, the IT bellwether said Thursday. The innovation centre, a replica of the original lab at our campus in the electronics city will provide a one-stop virtual view of our Internet Protocol (IP)-powered solutions, the company said in a statement.

April 3rd, 2005 Indian Outsourcing industry is increasingly turning towards software testing. In fact we have started providing software testing services to customers from 2005.

August 5th, 2009 KOLKATA - Outsourcing major Wipro is actively looking at overseas acquisitions, a top company official said here Wednesday. "As far as acquisition is concerned, we are already active in that area and we will continue to remain active.

September 30th, 2009 BANGALORE - Global software major Wipro Ltd will boost its presence in Australia by opening a 150-seat software development centre at Melbourne this December, the IT bellwether said Wednesday. Announcing the decision on the occasion of Victoria premier John Brumbys visit to the companys corporate headquarters in this tech hub, Wipro chairman Azim Premji said the Victorian operations would strengthen the companys Australia delivery capabilities and boost its presence in the country.