Business Daily from THE HINDU group of publications
Saturday, Apr 19, 2008
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Business Daily from THE HINDU group of publications Saturday, Apr 19, 2008 ePaper | Mobile/PDA Version | Audio |
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Software Info-Tech - Outlook
Mr Suresh Senapaty Our Bureau Bangalore, April 18 Wipro hopes to hold and expand its margins this year, said Mr Suresh Senapaty, Chief Financial Officer, Wipro. “Last year, we had to deal with two big hits – one due to the forex with the rupee appreciating 11 per cent. This impacted our margins by 3.6 per cent. Then the investment made in the Infocrossing acquisition which had an impact of 55-60 basis points in a six-month period. We had a fair amount of recovery after that and we will continue to show recovery this year. We hope to hold and expand margins,” said Mr Senapaty. The BPO sector was hit hardest due to the unfavourable dollar-rupee valuation. Said Mr T.K. Kurien, CEO, Wipro BPO: “But we ensured that significant portion of the contracts were value- and outcome-based on the sales side. On the delivery side, we deployed tools and technology so that we didn’t have to just add people to get revenue growth. Going forward too, we see the same trend continuing.” Wipro hopes growth for this year to be back-ended. The deal pipeline is healthy, said the company, with the size of deals getting bigger, both in the domestic and global markets. A trend the company hopes will continue. Going forward, the company expects to be active on the mergers and acquisitions front. “We will continue to look for options – from the perspective of geography, practices, critical skills and scale,” said Mr Senapaty. More Stories on : Software | Outlook | Wipro Ltd
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