The Hindu Business Line : Premji expects 12 pc wage bill rise over 2 years

While wage inflation at the campus level was reasonable with moderation at 7-8 per cent a year, it was expected to be around 12-14 per cent at the laterallevel, he said. "Campus hires will be a significant addition this quarter," he said.

Mr Premji mentioned that there has been reverse movement of people from the IT multinationals back to the Indian firms. "We are hiring back more people from the multinationals than we are losing to them," he said, adding the MNCs were falling in line with comparable salaries in India.

"We hope to do some small but intelligent acquisition this year," Mr Premji said, adding the focus would be on integration.

Replying to a query, Mr Premji said that there was increased scope for more fixed price and productivity in the global IT services and products business. The company expects pricing environment to be stable.

Six of our 29 customers added during the quarter were Fortune 1000 customers.

Mr Premji also said that Wipro Infotech was seeing a huge traction in the domestic market where size of the deals was increasing. "We are seeing a major transformation in the domestic market where people are looking to outsource more," he added.

Mr Suresh Vaswani, President, Wipro Infotech, said: The domestic IT business has close to 5,000 people servicing the domestic market mainly in areas of IT infrastructure, SAP implementation both in the enterprise and the small and medium business space.

Wipro Infotech won 21 infrastructure management services contracts, 17 systems integration contracts, eight software projects and 28 consulting contracts across India, Asia-Pacific and West Asia.

Mr Suresh Senapaty, Chief Financial Officer, said the company has taken a forward cover to the tune of $500 million that included a small component for euro.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SSI to allot shares, warrants to promoters

Wipro BPO trims team — Revenues to remain muted for next two quarters

Continental in talks with Wipro to outsource IT needs

TRAI for mobile number portability

Tata Tele's Truepaid services in Kerala

Wipro Q1 net rises 20 pc at Rs 428 cr, revenues up 28 pc — `Global IT business continued to sustain momentum'

Polaris Software posts 46-pc drop in net profit

Tata Elxsi net at Rs 6.59 cr

Role fitment sees 150 out in Polaris

`e-commerce growing at over 50 pc'

Cos to boycott Bangalore IT.in

Premji expects 12 pc wage bill rise over 2 years

Premji turns a charmer, casts a spell