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.

HistoryEarly 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 Premji’s 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 - EPSThe 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.