• Revenues at $690.7 M (YoY growth of 36%), ahead of guidance of $685 M for the quarter.


• Combined IT businesses cross $3Bn mark for the year, while Enterprise Solutions Business cross $1Bn in annual Revenues.


• For the year, margins of Global IT business in narrow band similar to FY05-06 (30bps), despite investments in acquisitions, Offshore wages increase, deeper bench and volatile currency. 


•  Sequential Revenue growth of 7.8% in Global IT Services segment, comprised of 7.4% growth in Revenues of IT Services and 12.4% growth in Revenues of BPO Services.


• IT services revenue driven by 5.4% Volume Growth and 1.3% increase in realization.


• Acquisitions improved OM% by more than 950 basis points; all acquisitions turned net positive this quarter.

Highlights from Wipro's Q4 Results presentation:

• Added 44 new clients, out of which 7 are from Fortune 1000/ Global 500 Corporations.


• 22 new customers were in the Enterprise business; 35 of the new customers were from North America.


• For the last 16 quarters, we have added 10 clients every quarter to the > $1 Mn bucket and 2 clients every quarter to the > $20 Mn bucket. Now have 262 customers with > $1 Mn Revenue run rate and 40 customers with > $20 Mn Revenue run rate.

- Major wins during the quarter included:

• A Large multi-million dollar managed Infrastructure Services contract from a global leader in semiconductor manufacturing that spans across their IT  infrastructure including end user computing, networks, security and data center management.


• An Enterprise Test Management Offshore partnering engagement for Testing the Retail Banking applications from a leading bank in North America.


• A large scale Oracle CRM implementation and management win from a leading Telecom Service Provider in Europe and a multi year SAP / Ariba support contract from one of North America's largest insurance companies.


• A Business Process Outsourcing contract with one of the largest Airline companies globally.


• During the year we have won 10 large deals in excess of $ 50 M

Source: 1

Prashanth Rai