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Wipro(Strategic 100 2010)

Wipro(Strategic 100 2010)

Wipro, which started out as a vegetable oil trading company in 1945, has recently strengthened its partnership with Oracle.

Global HQ: Bangalore, India Website: www.wipro.com

Global leader: Azim Premji, chairman

Local leader: Manoj Nagpaul, vice-president and head, Australia and New Zealand

Core activity: Outsourcing

Revenue: US$5.35 billion (FY2009-10, ended March 31)

Key customers: Origin Energy, University of Canberra, Foster’s Group, AXA, ANZ Banking Group, Contact Energy

Employees: 108,071

Wipro is currently focusing its research and development on infrastructure management. Other potential revenue growth areas include cloud computing, green energy, collaboration, mobility applications, social computing and security, the company says. Demand for outsourcing has helped Wipro perform strongly in 2010 despite a drop in revenue coming from Europe.

It is Europe that accounts for about 25 percent of company revenue. About half is from the US. Wipro has made investments in China, and although business growth has been slower than expected there, the company is now starting to experience a pick-up in business, according to Reuters.

Wipro, which started out as a vegetable oil trading company in 1945, has recently strengthened its partnership with Oracle.

The two companies have entered into co-development initiatives, for example, to develop a product life-cycle management solution for the consumer packaged goods industry and to deliver a warranty management and analytics solution for the industrial manufacturing, high-tech and automotive industries.

Ulrika Hedquist

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Tags strategic 100 2010

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