Company Profile For Wipro Limited

Wipro Limited (WIT) (NYSE Arca)

sector: Technology · industry: IT Services & Consulting ·

As of 25 Nov 2009

21.05USD

Price Change

+0.45

Percent Change

+2.18%

Analyst Recommendations

Overview

Wipro Limited (Wipro) is engaged in the areas of information technology (IT), services, IT products and consumer care and lighting products. The Company is organized in four segments: IT services, IT products, consumer care and lighting, and others. During the fiscal year ended March 31, 2009 (fiscal 2009), 94% of Wipro’s operating income was generated from its IT Services. In Fiscal 2009, IT products represented 3% of its operating income, and consumer care and lighting, and others represented 3% of operating income. The Company’s IT services segment provides a range of IT and IT-enabled services. In January 2009, Wipro Technologies acquired Citi Technology Services Ltd. (India), the India-based captive provider of technology infrastructure services (TIS), application development and maintenance services for cards, capital markets and corporate banking.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009, Wipro Limited's revenues rose 6% to RS132.29B. Net income rose 15% to RS21.77B. Revenues reflect an increase in income from sales and services. Net income also reflects an increase in gross profit margin, lower interest expenses, an increase in minority interest income, lower purchase of traded goods and fall in consumption of raw materials. Wipro Limited (Wipro) is engaged in the areas of information technology.