Wipro Guidance

Azim Premji, Chairman of Wipro, commenting on the results said -

"The results for the quarter demonstrate strong execution by Team Wipro on all fronts. Revenues from our Global IT Services at $796.5 million for the quarter, including Revenues of $6.4 million from Infocrossing, were ahead of our guidance of $ 777 million. We saw broad-based growth across Verticals, Services and Geographies. During the quarter, we won some large multi-million dollar deals and the deal pipeline continues to be robust. Building out its theme of benefiting clients through Applied Innovation, Wipro partnered with global industry bodies to launch the first ever global awards to recognize best practices in co -innovation and global sourcing. Wipro completed its landmark Infocrossing acquisition through a successful tender offer.

Looking ahead, for the quarter ending December 2007, we expect our Revenue from our Global IT Services business to be approximately $905 million, including Revenues of around $60 million from acquisitions."

Suresh Senapaty, Chief Financial Officer of Wipro, said-

"Our performance on profitability demonstrates the resilience of our business model. Improved Realizations and superior management of key operating parameters like Offshore mix, Utilization and Bulge helped us not only fully mitigate the adverse impact on account of Offshore salary increases but also deliver an Operating Margin expansion of 80 basis points".