Infotech Lead India: Wipro chairman Azim Premji says though the overall mood on economic growth continues to be muted, global corporations continue to leverage technology to drive revenues and productivity.
Wipro chairman’s statement reflects Wipro’s consolidated total income that increased by 10 percent to Rs 10,989.1 crore in Q3 FY 2012-13 against Rs 9,965.1 crore in the same period of 2011-12 fiscal.
The IT services revenue, which accounted for 78 percent of its revenues, stood at $1.577 billion in the quarter, up 4.8 percent year-on-year and 2.4 percent compared to July-September 2012 quarter.
The IT Services segment had 142,905 employees as of December 31, 2012, an increase of 2,336 people in the quarter.
Wipro added 50 new customers for the quarter.
Wipro’s main deals in Q3 2012-13
Wipro has secured a large R&D Applications and Infrastructure services deal from a Europe-based Telecom Equipment Vendor. IT will be a key enabler in the client’s ongoing business transformation program and this deal was a natural extension of Wipro’s longstanding partnership with the client.
Sears Holdings, an integrated Retailer in the US has extended its agreement with Wipro through a multi-year Business Process Outsourcing contract in the areas of Finance & Accounting, Human Resources and Procurement. Wipro will continue to build on the relationship to deliver results, quality, innovation and flexibility.
Wipro has won a multi-year IT Infrastructure Outsourcing engagement with one of the largest Retailers in Australia. This transformational program, which also involves cloud deployment, will leverage a high degree of automation to improve operational efficiencies. This will help the Retailer improve business agility and enhance the end-user experience.
Wipro has won a multi-year engagement with a large not-for-profit Healthcare Provider in the US to enable the seamless integration of the IT infrastructure of its recently acquired entities. The partnership will help the customer leverage new technologies like cloud, analytics, pervasive computing and mobility to deliver and improve the quality of care.
Wipro has won a deal for a Core Banking Solution implementation across 2,520 branches of Punjab and Sind Bank, a public sector bank in India. Wipro will be providing hardware and software, WAN roll-out, network & security devices, data center and disaster site co-hosting.