Wipro BPO revenues jump to Rs 229 cr

CORPORATE SCORECARD

Wipro BPO, after nearly two years of painful restructuring, has posted a 27 per cent growth in revenues to touch Rs 229 crore and its pre-tax profits have scaled up by 131 per cent to Rs 52.6 crore on a year-on-year basis.

The BPO arm during the second quarter continued its revamp process and shed around 230 employees with no new recruits coming on board.

This, according analysts, indicates the directional revamp the business is going through in an industry, which adds employees in scores on a day-to-day basis.

Said T K Kurien, CEO, Wipro BPO, "We have delivered an 8.5 per cent sequential growth and expanded margins by 260 basis points with consistent improvement in operating parameters and significant customer wins."

China plans

Bangalore: Information and Technology major Wipro Limited would rapidly expand its operations in China and evaluate the possibility of opening a third centre there, its Chairman Azim Premji said today.

Premji said the Bangalore-headquartered company currently has two centres in China - at Shanghai and Beijing, employing around 100 people.