Expect @Wipro Q3 revenue growth guidance to be in-line with industry growth rate

Wipro announced a 10 year Digital Transformation deal with Alight Solutions LLC worth USD 1.5bn. This is the largest win for Wipro and will result in incremental yearly revenue of USD150mn (~2% of rev). Margin profile is in-line with company average and 2QFY19 will have only month contribution (Sep-18), while 3QFY19 will have full quarter impact.

.@Wipro wins over $1.5 billion deal from #Illinois -based @AlightSolutions pic.twitter.com/MpTgb6U11l

— Press Release Watch (@PrReleaseWatch) September 2, 2018

The deal involves complete Digital transformation of Alight's offerings across Health, Wealth, Cloud HR and Finance Solutions. Alight has revenue of ~USD 2.5bn has over 1400 plus clients, out of which ~250 are Fortune 500 clients.

Wipro's 55-60% of the portfolio has been doing really well. It includes BFSI (30% of rev), Consumer (ex Retail, ~7% of rev), Healthcare ex-HPS (~11%), Energy (~5% of rev & 40% of ENU) and Manufacturing (ex-Europe). BFSI growth is led by large Europe banks and is growing faster than industry average.

~15-20% of the portfolio is under stress and will take 1-2 quarters to recover. This includes HPS (~2% of rev), Utilities (~8% of rev and ~60 % of ENU) and Retail (~9% of rev). HPS quarterly rate is down from USD 70mn to USD 30mn in 1QFY19 and is further expected to decline in 2Q. However, 3Q is an open enrolment season and some recovery is expected in HPS revenue.

Communications (~9%) and Europe Manufacturing (~10%) which were facing client specific issues have also bottomed out.

With large deal wins and recovery in stressed verticals, we expect 3Q revenue growth guidance to be in-line with industry growth rate. We are enthused with the deal win and growth outlook is improving gradually. However, FY19/20E USD revenue growth rates for Wipro are still the lowest in the Tier-1 pack. The stock is currently available at cheap valuations (~15% discount to Tier-1 average) and re-rating will take place gradually with improvement in growth and margin outlook.

.@Wipro to acquire #Brazilian IT firm InfoSERVER SA for $8.7 mn; its Q3 net profit falls 5.8% to Rs.2,115 cr.

The Sao Paulo-based 20-year-old InfoServer provides custom application development and software deployment services in the Brazilian market.

.@Wiproto to acquire #Brazilian IT firm InfoSERVER SA for $8.7 mn; its Q3 net profit falls 5.8% to Rs.2,115 cr. pic.twitter.com/1wiOaO0vOw

— Press Release Watch (@PrReleaseWatch) January 25, 2017

“The acquisition will help us expand our presence in Brazil’s traditional and competitive banking, financial services and insurance (BFSI) market and add domain and process knowledge in the sector,” Wipro said in a statement.

With some of the largest Brazilian banks as InfoServer’s marquee clients, the buyout aligns with Wipro’s aim to localise, expand its presence and become a partner of choice in the Latin America market.

Wipro has offices in Argentina, Brazil, Chile, Colombia and Mexico across the region.
This acquisition closely aligns with Wipro's vision to localise, expand its presence and become a significant partner of choice in the Latin American market and an end-to-end IT services provider that brings global expertise while operating as a local company.

Wipro consumer care acquires #Chinese #FMCG company in an all cash deal

Bengaluru-based Wipro consumer care and lighting's Singapore arm Wipro Singapore Pte. Ltd, has acquired a Chinese FMCG company Zhongshan Ma Er Daily Products Ltd in an all cash deal for an undisclosed amount.

Wipro consumer care acquires #Chinese #FMCG company in an all cash deal pic.twitter.com/8cG0SbKIiA

— Press Release Watch (@PrReleaseWatch) September 22, 2016

Zhongshan Ma Er has its presence in China and Hong Kong and its brand portfolio includes personal care brands Enear, Zici, and Vcnic, comprising bath & shower products, and fabric care brands Pahnli and Sunew.

The funding for this acquisition would be done through internal accruals. So far, Wipro consumer care and lighting has made 10th acquisitions in last six years.

Zhongshan Ma Er has its presence in China and Hong Kong and its brand portfolio includes personal care brands Enear, Zici, and Vcnic, comprising bath & shower products, and fabric care brands Pahnli and Sunew.

"We don't plan to bring these products to India, but we will bring in formulations and enhance our portfolio brands," said Vineet Agrawal, Chief Executive Officer of Wipro Consumer Care and Lighting and Executive Director, Wipro Enterprises.

Azim Premji has invested about Rs 200 cr. in Lenskart

Online eyewear  retailer Lenskart has raised about Rs 200 crore funding from PremjiInvest, the investment office of  Azim Premji, Chairman and Founder of the Wipro Group. Peyush Bansal, CEO and Founder, Lenskart said, “We are thrilled and humbled with the confidence shown by Premji Invest in Lenskart. With this collaboration, the company will be able to draw on PremjiInvest’s extensive experience, particularly in retail and creating long lasting brands to realize its potential and develop best practices.”  We intend to grow strategically thereby strengthening our presence via both online and offline channels.

Azim Premji has invested about Rs 200 cr. in Lenskart pic.twitter.com/iIlb34f88Z

— Press Release Watch (@PrReleaseWatch) September 6, 2016

Its early venture capital investor IDG Ventures has made a partial exit.The funding came three months after IFC’s Rs.400 crore investment in Lenskart.

#Wipro Santoor Scholarships for financially disadvantaged girl students

Wipro Consumer Care in association with “Wipro Cares” has announced Santoor Scholarship programme to encourage underprivileged girl students who wish to pursue their higher education after Grade 12. The scholarship programme will be a recurring annual programme. It will be rolled out in 2016-17 and will initially cover the states of Andhra Pradesh and Telangana. The grant given to each of the beneficiaries could be utilized for tuition fees or other expenses incidental only to education.

#Wipro Santoor Scholarships for financially disadvantaged girl students pic.twitter.com/DRwyWMHMn6

— Press Release Watch (@PrReleaseWatch) February 10, 2016

Anil Chugh, Chief Executive - Wipro Consumer Care said, “As a responsible corporate, we believe in creating opportunities for the growing generation and offer support and confidence to those in need. The Santoor Scholarship Programme in association with “Wipro Cares” is dedicated to provide the much needed breakthrough in the education of underprivileged girls and support them to continue their higher studies.”

#Wipro launches Santoor Gold in AP & Telangana

#Wipro launches Santoor Gold in AP & Telangana pic.twitter.com/ETgUXZ9n8g

— Press Release Watch (@PrReleaseWatch) December 8, 2015

Wipro Consumer Care & Lighting has announced the launch of its  skin nourishing soap “Santoor Gold” in Andhra Pradesh & Telangana market. The soap is available in 75 gms & 125 gms priced at Rs 28 & 48 respectively.This new  soap comes in a contemporary packaging with a unique formulation enriched with extracts of Sakura, Sandal and Saffron that effectively nourishes skin & provide refreshing fragrance.

#Wipro Q2 PAT up by 8%

Wipro has reported a rise in net profit of 7.90% on consolidated basis to Rs 20.85 billion for the quarter ended Sept. 30, 2014. On sequential basis, Wipro has reported fall of 0.87% in quarterly profit.

Wipro's second quarter consolidated profit up 7.9 (rpt) 7.9 per cent at Rs 2,084.8 crore; net sales up 7.5 per cent at Rs 11,816 crore.
— Press Trust of India (@PTI_News) October 22, 2014

Highlights of the Results for the Quarter ended September 30, 2014:

 Total Revenues were `116.8 billion ($1.9 billion1), an increase of 8% YoY.
 Net Income2 was `20.8 billion ($337 million1), an increase of 8% YoY.
 IT Services Revenue was $1,771.5 million, a sequential increase of 1.8% and YoY increase of 8.6%.
 Non-GAAP constant currency IT Services Revenue in dollar terms grew 3% to $1,793.1 million, within
our guidance range of $1,770 million to $1,810 million.
 IT Services Margins was 22.0%. IT Services Margins includes profit on sale of a strategic investment
during the quarter. 

Over 63,000 participants ran for‘Spirit of @Wipro Run’2014 globally

Around 20,000 people in Bangalore took part in the ninth edition of the ‘Spirit of Wipro Run’. The run was organised in 110 cities across the globe with a whopping total of 63,000 participants took part in the run. Wipro employees, their families, friends, customers, analysts and suppliers were all part of the run. There were 21-km, 10-km and 5-km runs, besides a separate one for children.

Over 63,000 participants ran for‘Spirit of @Wipro Run’2014 globally pic.twitter.com/qCl9Ss18e2
— Press Release Watch (@PrReleaseWatch) September 22, 2014

The 2014 edition of the Spirit of Wipro Run saw over 300 people from client organisations participate in the run. The event also saw officially timed 10K and half marathons in Bangalore, Pune, Chennai and Hyderabad.
T K Kurien, Chief Executive Officer and Member of the Board, Wipro Limited, said, “Marathons celebrate the triumph of human spirit and instil in us the ability to overcome seemingly unsurmountable challenges. Grit, stamina and determination are key business attributes, all of which are essential for a marathoner.”
A passionate runner, Mark Jordan, Solution Optimisation Centre Manager, Gas Distribution of National Grid, said that running had given him a chance to share the challenge with tens of thousands of runners from different backgrounds, all of whom have a single common goal to finish.

Launch of sustainability education program by #Wipro

Wipro has announced the launch of 'earthian 2014', a global initiative by the company for sustainability education programme in schools and colleges.

This programme, which enters its fourth year, aims to provide an interconnected understanding of different disciplines in education related to ecological and social sustainability, Wipro said in a release.

Anurag Behar, Chief Sustainability Officer, Wipro Ltd. said, “With every year, earthian seeks to bring together more institutions, teachers and students onto a platform that fosters a richer understanding of how sustainability in education can be a powerful influence on our thoughts and actions in the future. In the process, it has also grown a vibrant community of participants who not only share their learning and experiences but also act as ambassadors for earthian”  

#Wipro Q1 results and expert views on Wipro results

Views on Wipro results from Dipen Shah, Head- Private Client Group Research, Kotak Securities:

“Wipro’s results were marginally lower than estimates. However, the guidance for 2Q is encouraging.

Wipro has won a relatively higher number of large deals recently, especially in IMS space, which should lead to better revenue growth in the future quarters. We maintain a positive view on Wipro with a long term perspective.”



In a mandatory filing to the Bombay Stock Exchange (BSE) Thursday, Wipro has said its total revenue for the quarter under review increased 14 percent YoY to Rs.11,136 crore.
Under the International Financial Reporting Standard (IFRS), net income rose 30 percent YoY to $351 million and gross revenue to $1.9 billion, up 14 percent YoY.

Highlights of the Results for the Quarter ended June 30, 2014:

Total Revenues were Rupee 111.4 billion ($1.9 billion1), an increase of 14% YoY.

Net Income was Rupee 21.0 billion ($351 million1), an increase of 30% YoY.

IT Services Revenue was $1,740.2 million, a sequential increase of 1.2% and YoY increase of 9.6%.

IT Services Operating Margins was 22.8%.


Azim Premji, Chairman of Wipro, said, "We see a significant rise in business confidence in developed markets as well as India. The new government at the Centre has brought about hope and confidence in the minds of all stakeholders through reform pronouncements with fiscal prudence. We expect greater economic activity including investments in India."

T K Kurien, Executive Director & Chief Executive Officer of Wipro, said, "We continue to win large deals particularly in the application and infrastructure space. We recently announced our largest ever total outsourcing deal. These wins demonstrate confidence of clients in our transformational capabilities and re-affirm our faith in our client engagement strategy."

Suresh Senapaty, Executive Director & Chief Financial Officer of Wipro, said – "We continue to drive operational efficiency and invest in our strategy. Operating margins for the quarter was on expected lines, impacted largely due to wage hikes."

Outlook for the Quarter ending September 30, 2014 We expect Revenues from our IT Services business to be in the range of $1,770 million to $1,810 million*.

Wipro registers 41% increase in profit for Q4

Wipro Limited (NYSE:WIT) today announced financial results under International Financial Reporting Standards (IFRS) for its fourth quarter and year ended March 31, 2014.

Highlights of the Results:
Results for the Quarter ended March 31, 2014:
 Revenues from continuing operations were `117.0 billion ($2.0 billion1), an increase of 22% YoY.
 Net Income from continuing operations was `22.3 billion ($371 million1), an increase of 41% YoY.
 Non-GAAP Adjusted Net Income from continuing operations was `22.3 billion ($371 million1), an
increase of 42% YoY.
 IT Services Revenue was $1,720.2 million, a sequential increase of 2.5% and YoY increase of 8.5%.
 IT Services2 Revenues in Rupee terms was `106.2 billion ($1.8 billion1), an increase of 24% YoY.
 IT Services2 Earnings Before Interest and Tax (EBIT) was `26.1 billion ($434 million1), an increase of
51% YoY.
 IT Services2 Operating Margins was 24.5%, an expansion of 150 basis points sequentially.

Wipro's Jan-Mar quarter profit up 41 pc at Rs 2,239.1 crore; revenue up 21.29 pc at Rs 11,653.5 crore.
— Press Trust of India (@PTI_News) April 17, 2014

Results for the Year ended March 31, 2014:
 Revenues from continuing operations were `437.6 billion ($7.3 billion1), an increase of 16% YoY.
 Net Income from continuing operations was `78.0 billion ($1.3 billion1), an increase of 27% YoY.
 Non-GAAP Adjusted Net Income from continuing operations was `78.0 billion ($1.3 billion1), an
increase of 28% YoY.
 IT Services Revenue was $6,617.9 million, YoY increase of 6.4%.
 IT Services2 Revenues in Rupee terms was `399.5 billion ($6.7 billion1), an increase of 18% YoY.
 IT Services2 Earnings Before Interest and Tax (EBIT) was `90.3 billion ($1.5 billion1), an increase of
29% YoY.
 IT Services2 Operating Margins was 22.6% for the year an expansion of 195 basis points YoY.
 Wipro declared a final dividend of `5 ($0.08) per share /ADS, taking the total dividend declared during
the year to `8 ($0.13) per share/ADS.

Wipro forecasts IT services revenue in range of USD 1.715 billion to USD 1.755 billion for quarter ending June 30.
— Press Trust of India (@PTI_News) April 17, 2014

Wipro’s ‘AppThon 2014’ Challenges Young Technology Enthusiasts

Wipro Ltd. today held its first application building competition – ‘Appthon’, for engineering students across Andhra Pradesh, providing them with a unique opportunity to showcase their technical prowess. The objective of the event was to offer young technology enthusiasts a platform to build futuristic applications for consumer and enterprise segments.

13 teams from across Andhra Pradesh were shortlisted from the entries received to compete in this two day marathon contest –‘Appthon’. The teams, comprising of 4 students and a faculty member, from each college developed their applications based on one of the 3 themes - enterprise productivity, public safety &utilities and mobile grid based applications. Wipro assigned a mentor to each of the teams to provide assistance and guidance in the development of the applications. The winning teams were felicitated with a cash prize from the chief guest and industry veteran, J A Chowdary, Founding Director of STPI Bangalore & Hyderabad and Former Chairman of Hyderabad Software Exporters Association (HYSEA renamed to ITsAP).

Mr. Srinivas Rao, Head, Hyderabad Center, Wipro said, “We at Wipro are delighted by the innovative applications the students have developed in such a rapid manner. Through this contest, Wipro has strived to offer an inspiring opportunity to these smart minds to expand their horizons and create pioneering technology applications using structured methodologies and become industry ready. It also speaks volumes about the high quality talent that is locally available in Hyderabad and Andhra Pradesh.”

Wipro named as 2014 World's Most Ethical Company by the Ethisphere Institute

Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company, announced today that it has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World’s Most Ethical Company®.

This is the third time that Wipro has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. World’s Most Ethical Company honorees understand the correlation between ethics, reputation and daily interactions with their brand and that the award belongs as much to their associates as it does to them. Wipro is one of the two companies from India to be honored this year.

Speaking about this achievement, Anurag Behar, Chief Sustainability Officer, Wipro said, “At Wipro, ethics, integrity and responsible citizenship have always been at the core of how we think and act. We are happy to be recognized by Ethisphere for the third time in succession. We see this as a reaffirmation of what we stand for.”

“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Wipro joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Wipro for this extraordinary achievement.”

The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.

Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).

The full list of the 2014 World's Most Ethical Companies can be found at
http://ethisphere.com/worlds-most-ethical/wme-honorees/

Wipro Lighting & Furniture Business Launches Range of LEDs and High End Chairs

Wipro Lighting & Furniture Business, today at its signature event “Light & Furniture Show” launched “Interstuhl range of chairs, Toronto based designers exclusive Public Area Seating range “Pause” & LED Lighting range designed for Commercial and Residential buildings”

Addressing the media during the Light & Furniture Show, Mr. Parag Kulkarni, Senior Vice President & Business Head for Commercial Lighting & Furniture Business said “We have entered into a Licensing Agreement with Interstuhl of Germany for their popular “Goal” range of chairs for the India market. We will manufacture these chairs in our modern factory at Chennai. Interstuhl is among the top chair manufacturing companies of Europe and with this partnership, we will be able to serve our Indian customers by providing top end, high on comfort, reliable German quality chairs. The Interstuhl range is synonymous with high quality & comes with a 3 Year standard Warranty and a 5 year extended warranty”

“We are extremely delighted to have Wipro as our partner in India. In my visit and interactions with Wipro in India, I found an uncompromising German zeal for Quality and Customer orientation in the Wipro team” said Helmut Link, Managing Director & Owner of Interstuhl Furniture, Germany. “We will work together to promote our products on high performance and reliability” added Mr Link.

Wipro Furniture Business also showcased its latest offerings “Pause range of Seating” designed by Toronto based International designer, Conrad Marini. Pause Seating is a unique range meeting the requirement of Individuals, Corporates, Training, Educational Institutes as well as Public Area Seating. Wipro is confident that its customers and various agencies including Government bodies will adopt it for their new projects.

At the Light Show, Wipro also brought forth the benefits of LED Lighting technology to its customers in the Commercial & Residential markets by launching attractively priced new ranges for varied applications. Architects, Interior Decorators, Builders, Commercial establishments and Individual buyers appreciated these LED ranges. Launched at the event were new LED families:Spheris, Slimris, Squaris, CleanLED and SpacioLED under the Cleanray and Wipro brand. The Cleanray brand was acquired by Wipro over two years back and is doing extremely well. It has helped Wipro migrate many new users to LED technology. Wipro is aggressively investing in developing it further.

Light & Furniture Show is Wipro’s signature event for launching its latest offerings.The daylong Show gets Architects, Specifiers & Corporates who attend and interact with the Wipro team.

Wipro “Light and Furniture Show” held in Pune

Wipro Lighting & Furniture Business, today at its signature event “Light & Furniture Show” launched “LED Lighting range designed for commercial and residential buildings”,  “Toronto based designers range exclusive for public area seating”,  “Pause – range of seating” and other Designer Furniture ranges.

Addressing the media during the Light & Furniture Show, Mr. Parag Kulkarni, Sr. Vice President & Business Head for Commercial Lighting & Furniture Business, Wipro said “We are bringing forth the benefits of LED Lighting technology to our customers in the Commercial & Residential markets by launching attractively priced new ranges for varied applications. Architects, Interior Decorators, Builders, Commercial establishments and Individual buyers have appreciated our LED range being launched today. We are launching new LED families: Spheris, Slimris, Squaris, CleanLED and SpacioLED under the Cleanray and Wipro brand. The Cleanray brand we acquired over two years back is doing extremely well for us and has helped us migrate many new users to LED technology. We are aggressively investing in developing it further”

Wipro Furniture Business showcased its latest offerings “Pause range of Seating” designed by Toronto based International designer, Conrad Marini. Mr Kulkarni said “Pause Seating is a unique range meeting the requirement of Individuals, Corporates, Training, Educational Institutes as well as Public Area Seating. We are confident our customers and various agencies including Government bodies will adopt it for their new projects. We are also launching a well styled workstation range called “X-Bench”.

Mr.Kulkarni said “Wipro Lighting & Furniture is Innovation & Design driven and is among India’s most awarded and accredited Lighting & Furniture company having won many design awards. Our products regularly feature among award winning products for their uniqueness and design. We also very recently won “The Indian Green Business Award 2013” as the “Green Business Company of the Year”. Our effort is to design and develop Environment friendly Green products”

Light & Furniture Show is Wipro’s signature event for launching its latest offerings. The daylong Show has Architects, Specifiers & Corporates who attend and interact with the Wipro team.

Wipro recognized by CDP for climate change performance

Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company today announced that it has been commended by CDP for the action it is taking to reduce emissions and mitigate the risks of climate change.

Wipro is featured in CDP’s Supplier Climate Performance Leadership Index (SCPLI).  The SCPLI highlights those companies within CDP’s supply chain program that have demonstrated a strong approach to climate strategy and emissions reduction in their CDP responses. This program collects information on behalf of 64 multinational companies with combined annual spend of almost US $1.15trillion.

This index, compiled by FirstCarbon Solutions (FCS) on behalf of CDP, provides an evaluation tool for supply chain members and participating suppliers.  In its pilot year we have 80 companies from the supply chain program represented in this year’s SCPLI, based on analysis of the 2868 responses to CDP’s 2013 supply chain questionnaire.

Speaking on the recognition, Mr Anurag Behar, Chief Sustainability Officer of Wipro Ltd, said, “We are pleased to be included in CDP Supply Chain’s climate performance leadership index. We see value in participating in such disclosure programs because it helps us constantly calibrate where we are and move the bar higher for ourselves.”

Paul Simpson, chief executive officer of CDP, commented: “Companies in the Supplier Climate Performance Leadership Index are demonstrating a clear commitment to manage their greenhouse gas emissions and take action on climate change.  Organizations which work to reduce their emissions and integrate climate change issues into their business strategies have the potential for cost savings, revenue generating opportunities and, ultimately, a more resilient future.”

Robert Francisco, President of FirstCarbonSolutions, commented: “This year, FirstCarbon Solutions and CDP are publishing a list of the top performing suppliers as part of the SCPLI. 80 companies out of the 2868 that participated in this year's Supply Chain Program, including Wipro, are listed in this inaugural index which evaluates companies against each other and identifies best practices for improving climate change performance.”

The supply chain report including names of companies featured in the SCPLI and the methodology used can be found at https://www.cdp.net/en-US/Pages/cdp-supply-chain-broadcast-2014.aspx

Views on Wipro results: Dipen Shah, Head- Private Client Group Research, Kotak Securities

Wipro’s results were almost in line with estimates. The margin increase was the positive surprise.Wipro’s guidance for the 4Q indicates that, it has likely returned on the path of sustainable and consistent growth on the back of its account mining initiatives. Lower utilization levers provide it with an important lever for maintaining and improving margins, going ahead

Wipro Q3 Results: Revenues from Healthcare, Life sciences & Services grew by 7.6% sequentially

#WiproQ3 Results: Revenues from Healthcare, Life sciences & Services grew by 7.6% sequentially http://t.co/cGEvImqaq1
— Wipro (@Wipro) January 17, 2014

Wipro Limited (NYSE:WIT) today announced financial results under International Financial Reporting Standards (IFRS) for its third quarter ended December 31, 2013.

Highlights of the Results:
Results for the Quarter ended December 31, 2013:
 Revenues from continuing operations were `113.3 billion ($1.8 billion1), an increase of 18% YoY.
 Net Income from continuing operations was `20.1 billion ($325 million1), an increase of 27% YoY
which includes a non-recurring expense incurred due to the cessation of manufacturing Wipro
branded desktop, laptops and servers. Excluding the non-recurring expense, Net Income from
continuing operations was `20.3 billion ($328 million1), an increase of 28% YoY
 Non-GAAP Adjusted Net Income from continuing operations was `20.1 billion ($325 million1), an
increase of 27% YoY.
 IT Services Revenue was $1,678.4 million, a sequential increase of 2.9% and YoY increase of 6.4%.
 IT Services Revenues in Rupee terms was `103.3 billion ($1,668 million1), an increase of 20% YoY.
 IT Services Earnings Before Interest and Tax (EBIT) was `23.8 billion ($384 million1), an increase of
33% YoY.
 Operating Income to Revenue for IT Services was 23% for the quarter.
 The Opus CMC acquisition (announced in December 2013) was completed in January 2014, upon
completion of customary closing conditions. Opus CMC’s revenue for calendar year 2013, prior to the
closing of the acquisition, was approximately $ 43 million.
 Wipro declared an interim dividend of `3 ($0.051) per share /ADS.

Performance for the quarter ended December 31, 2013
Azim Premji, Chairman of Wipro, commenting on the results said, “As the global economy is
progressing towards stability, we see optimism amongst clients, especially in the West. Corporations are leveraging technology to reduce operational costs and investing resources in
differentiating themselves in the marketplace.”

Wipro receives 15th NCPEDP-Shell Helen Keller Awards

Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that it has been recognized as a  role model organization by the Helen Keller awards. The National Centre for Promotion of Employment for Disabled People (NCPEDP) also conferred the 15th Hellen Keller Award to Wipro employee, Ankit Rajiv Jindal.

Instituted in 1999, every year the NCPEDP-Shell Helen Keller awards honors individuals or organizations who are working towards helping people with disabilities find positions of equality and dignity in the workplace.

Wipro has been hiring persons with disabilities and providing them with necessary support on an individual basis to help them realize their potential, for many years now. The company has also supported employees who may have sustained disability during the course of their employment and provided them with necessary support to enable them to continue their work adequately. Inspired by the UN/DPI theme “Nothing about us without us”, Wipro is now consciously involving persons with disabilities in reviewing, re-designing and sustaining the company’s “Persons with Disabilities” charter.

Ankit Rajiv Jindal is the first marketing manager with visual impairment at Wipro and was hired from Faculty of management Studies, Delhi University in 2011. Technology has been a great enabler and equalizer for Ankit who leverages it extensively to perform his work and personal tasks.
Isaac George, Vice-President and Human Resources Head, Wipro Infotech said, “It is a matter of immense pride that Wipro has won the NCPEDP-Shell Helen Keller Award under the Category: Role Model Companies/Organizations. Wipro currently employs over 450 persons with disabilities. Many functions have collaborated to create the opportunity for them to pursue mainstream careers through a supporting framework of accessible software applications, physical infrastructure, policies, training and culture building initiatives. This reflects the importance that Wipro accords inclusion, and this award recognizes the spirit of all Wiproites who joined hands to create a more inclusive workplace.”

About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 61 countries. For more information, please visit www.wipro.com.

Wipro Wins the Disability-Inclusive Business Award 2013

Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company today announced that it received the ‘2013 ESCAP-Sasakawa Award for Disability-Inclusive Business in Asia and the Pacific’, in the category ‘Disability-Inclusive Multinational Enterprise’.

The award for Disability-Inclusive Business was established by ESCAP in cooperation with The Nippon Foundation (TNF) and the Asia-Pacific Development Center on Disability (APCD) to recognize and honor companies that have made a significant breakthrough in engaging and hiring people with disabilities in their daily operations. The award is an initiative that views persons with disabilities as an untapped workforce. Wipro was identified amongst nominations from across 62 countries, for its excellence in including employees with disabilities in its business model, enabling mainstream careers for them and for supporting them through accessible software applications.

Isaac George, Vice President and Human Resources Head, Wipro Infotech said, “Our disability-inclusive business model was formalized in 2009. It has proved to be very successful for our employees as well as our customers. We currently employ over 450 persons with disabilities. They have the opportunity to pursue mainstream careers through the supporting framework of accessible software applications, physical infrastructure, policies, training and culture building initiatives. Our “Persons with Disabilities” program has made Wipro a more vibrant, diverse workplace with a strong inclusive culture.”

Wipro’s “Persons with Disabilities” initiative is an essential part of its sustainability program. The company’sefforts within and outside the organization,stem from a deep belief that inclusion is the right thing to do and makes business sense.

About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 61 countries. For more information, please visit www.wipro.com.