About Wipro

"Applying Thought"

Type

Public

Traded as

BSE: 507685
NSE: WIPRO
NYSE: WIT
BSE SENSEX Constituent
CNX Nifty Constituent

Industry

IT services, IT consulting

Founded

Mumbai, Maharashtra (in 1945)

Founder(s)

M.H. Premji [1]

Headquarters

India

Area served

Worldwide

Key people

Azim Premji (Chairman)

T K Kurien (CEO)

Services

IT, business consulting and outsourcingservices

Revenue

437.6 billion (US$7.3 billion) (2013-14)[2]

Operating income

89.3 billion (US$1.49 billion) (2013-14)[2]

Profit

78.4 billion (US$1.3 billion) (2013-14)[2]

Total assets

502.3 billion (US$8.37 billion) (Mar 2014)[2]

Total equity

344.9 billion (US$5.75 billion) (Mar 2014)[2]

Employees

146,053 (March 2014)[3]

Website

www.wipro.com

Wipro Infotech is a leading manufacturer of computer hardware and provider of

IT services in India and the Middle East region. Part of Wipro Ltd, the $6.98
billion conglomerate and global leader in technology enabled solutions, the
company leverages on the parent's philosophy of 'Applying Thought' to enable
business results by being a transformation catalyst.
Backed by our strong quality processes and rich experience managing global
clients across various business verticals, we align IT strategies to your business
goals. From simple changes in process to innovative solutions, we help our
customers harness the power of IT to achieve profitable growth, market
leadership, customer delight and sustainability. Along with our best of breed
technology partners, Wipro Infotech also helps you with your hardware and IT
infrastructure needs.
Our vast IT services portfolio includes consulting, systems integration,
application development and maintenance, technology infrastructure services,
package implementation and R&D services among others.
Wipro Infotech maintains offices across India, and has operations in Middle
East. We also have a joint venture with DAR Al Riyadh Group in Saudi Arabia.

History
Early formative years
The company was incorporated on 29 December 1945, in Mumbai by
Mohamed Premji as 'Western India Products Limited', later abbreviated to
'Wipro'. It was initially set up as a manufacturer of vegetable and refined
oils in Amalner, district Jalgaon, Maharashtra, under the trade names of
Kisan, Sunflower and Camel.The company logo still contains a sunflower to
reflect products of the original business.
In 1966, after Mohamed Premjis death, his son Azim Premji returned home
from Stanford University and took over Wipro as its chairman at the age of
21.
During the 1970s and 1980s, the company shifted its focus to new
business opportunities in the IT and computing industry, which was at a
nascent stage in India at the time. On 7 June 1977, the name of the
company changed from Western India Vegetable Products Limited, to
Wipro Products Limited.
The year 1980 marked the arrival of Wipro in the IT domain. In 1982, the
name was changed from Wipro Products Limited to Wipro
Limited. Meanwhile Wipro continued to expand in the consumer products
domain with the launch of "Ralak" a tulsi-based family soap and "Wipro
Jasmine", a toilet soap

Earnings Before Interest & Tax - EBIT

An indicator of a company's profitability, calculated as revenue minus
expenses, excluding tax and interest. EBIT is also referred to as "operating
earnings", "operating profit" and "operating income", as you can re-arrange the
formula to be calculated as follows:

EBIT Revenue - COGS- Operating

=
Expenses
Also known as Profit Before Interest & Taxes (PBIT), EBIT equals Net Income
with interest and taxes added back to it.
In other words, EBIT is all profits before taking into account interest payments
and income taxes. An important factor contributing to the widespread use of
EBIT is the way in which it nulls the effects of the different capital structures
and tax rates used by different companies. By excluding both taxes and interest
expenses, the figure hones in on the company's ability to profit and thus makes
for easier cross-company comparisons.
EBIT was the precursor to the EBITDA calculation, which includes depreciation
and amortization expenses.

Earnings Per Share - EPS

The portion of a company's profit allocated to each outstanding share of
common stock. Earnings per share serves as an indicator of a company's
profitability.

When calculating, it is more accurate to use a weighted average number of

shares outstanding over the reporting term, because the number of shares
outstanding can change over time. However, data sources sometimes simplify
the calculation by using the number of shares outstanding at the end of the
period.
Diluted EPS expands on basic EPS by including the shares of convertibles or
warrants outstanding in the outstanding shares number.