- Published: February 2010
Summary: Wipro Ltd.
- Published: May 2011
- Standard & Poors
The rating on Wipro Ltd. reflects the company's business and customer diversity in the information technology (IT) services business. It also reflects Wipro's modest financial risk profile. These strengths are offset by the constraints of India-based operations and the weaker business profile of its non-IT services business compared with the IT business. Wipro is India's third largest IT service provider. The company's other businesses include IT products, consumer care and lighting, infrastructure, and eco energy. Wipro's revenue for the fiscal year ended March 31, 2011, is in line with our expectation. Revenue was over Indian rupee (INR) 310 billion with IT services contributing 75% of the revenues and more than 90% of operating income. The company's workforce of over 120,000...
Companies mentioned in this report are: Wipro Ltd.
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