You are here: silicon.com > Software > Operating Systems

Operating Systems

Wipro beats analyst pessimism

Indian software firm sees diminishing returns in the future...

By Sally Watson

Published: 22 October 2001 18:45 GMT

Indian software giant Wipro has posted second quarter results well above analyst expectations as net profit rose 38 per cent on the same period last year to $44m.

Total revenues for the six months ended 30 September climbed 15 per cent to $337m.

Wipro founder and chairman, Azim Premji, praised his firm's productivity. "We believe we have grown ahead of the software services industry growth rate for the half year and continue to believe that we will grow ahead of the industry growth for the full year," he said in a statement.

The company is predicting around 5 per cent growth in its global IT business revenue for the rest of the year.

The company admitted it had seen some delay in large orders since the 11 September attacks. Listed on the New York Stock Exchange, the software developer relies on business from Fortune 1,000 firms.

Orders from India and Asia Pacific have been worse hit, with the region witnessing a 23 per cent decline in profits and 18 per cent drop in revenue for the quarter.

President and CEO, Vivek Paul, also warned Wipro's telecoms business would continue to suffer with revenues from the sector expected to drop as much as 10 per cent in Q3.

  1. Zones
  2. Management
  3. Networks
  4. Software
  5. IT Services
  6. Hardware
  1. Verticals
  2. Public Sector
  3. Financial Services
  4. Retail & Leisure

for IT White Papers Newsletter

Clive Longbottom Windows 7: Not perfect - but ready for prime time Microsoft's latest OS fixes most of Vista's ills - but still has challenges ahead

Stephen Kleynhans Mind the details with Windows 7 Just because it might work better than Vista, it doesn't mean you can be sloppy


  • Jobs
Business Development Manager - Training - OTE 70K

Reporting directly to the Chief Executive you will have access to an existing CRM database to support you in converting leads into revenues. Who ...

Account Manager

You will have to prepare for and attend weekly conference calls / meetings, produce accurate reporting of current business to forecast for revenues ...

Director of EU Order Management (location in Brno, CZ)

As such, this position has a direct impact on the successful operations of the organization.Essential Functions: Functions that this role will ...

Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.





Quick Sitemap Links: