Wipro Infotech revenue dips 14%

BANGALORE: Wipro Infotech, the company’s Indian and Asia Pacific IT services and product business, registered revenue of Rs 736 crore for the year ended March 31, 2002, thus posting a 14 per cent decline in terms of revenue compared to the previous fiscal. Profit before interest and tax also fell 28 per cent, registering Rs 57.5 crore.

The services business of the division contributed to 28 per cent of the division’s total revenue this year, up from 22 per cent last year. During the quarter, the value added services business (excludes agency income and product component from SI services) grew by 42 per cent, over the same quarter previous year and by 19 per cent for the full year ending March 31, 2002. 50 customers were added during the year ended March 31, 2002 taking the total Infrastructure Management customer base to 196.

"Wipro Infotech's position as leading System Integrator in India was further strengthened this year, with our market share for the quarter of 13.9 per cent up from 10.8 per cent for PC server segment. For the full year, our market share increased from 6 per cent to 6.4 per cent in the PC server market. We were declared the largest Sales Partner for Cisco during the year in India," said Wipro Infotech President Suresh Vaswani.

In the first full year of our Software Solutions business, our wins include ERP implementations, transport optimization project, Web-based dealer integration, HR information systems, mediation implementation and IT consulting projects among others.

01markets established itself as a successful e-procurement business conducting 104 auctions across six verticals during the year realizing service revenue of Rs 6.1 crore on transaction value of over Rs 200 crore. Revenue from the Asia Pacific region, was $ 0.8 million for the quarter ended March 2002. The recently announced strategic alliance with IBM will further give impetus to our business in Asia Pacific. Wipro Infotech accounted for 21 per cent of revenue and 7 per cent of the profit before Interest and tax for the year ended March 31, 2002.