Wipro

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Wipro started off as a fast moving consumer goods (FMCG) company that produced oil and laundry soap, and later diversified into the IT business in 1980 and subsequently invented the first Indian 8086 chip.

Headquartered in Bangalore, the company now provides IT solutions and services, including systems integration, information systems outsourcing, software package implementation, software application development and maintenance, and research and development services to corporations globally.

Indian services companies like Wipro are looking at bigger deals and ramping up their capabilities worldwide. Wipro has more than 40 "Centers of Excellence" that create solutions around specific needs of industries.

In June 2006, Wipro acquired Portuguese IT company Enabler for US$52.5 million to further expand its geographic footprint and its portfolio in the retail sector.

Last quarter, the company added 54 new clients, of which 11 were Global 500/Fortune 1000 clients.

This company is listed in Business Applications, Services.

Financials
Fiscal year-end March FY06 FY05 FY04 FY03 FY02
Global full-year
revenue (US$millions)
2,385.0 1,865.0 1,346.0 902.0
Global full-year net
income (US$millions)
456.0 363.0 230.0 170.0

Average year-on-year revenue growth over 4 years 38.55 %
Average year-on-year net income growth over 4 years 39.58 %
Percentage of revenue from Asia
Percentage of Asian revenues from channel

Operations:
Founded India/1945
First Asian office India/1945
Global employees 58,500
Employees in Asia 5,500
Asian countries:
Total 6
China, Hong Kong, India, Malaysia, Singapore, Taiwan
Notes * Data correct as at September 2006. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites, and Hoover's. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

ZDNet Asia's Top Tech Index will be next updated in 2008.


ZDNet Asia Top Tech categories
Systems | Networking and communications | Storage management | Security | Software Infrastructure | Services | Business applications | Internet services



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