Wipro Ltd.

BSE: 507685 | NSE: WIPRO
Large Cap | IT - Software
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Wipro likely to sell assets in US unit: Report

Date: 26-09-2011

Wipro, India's third-largest software services exporter, is likely to sell data centers and other computer hardware assets of its US unit Infocrossing, which it had acquired in August 2007 for almost Rs 3,000 crore. Wipro has obtained initial offers from several US telecom firms for sale of five data centers. The data centers could be worth between $300-400 million.

Recently, Wipro has inaugurated its first rural BPO at Manjakkudi village in Tamil Nadu to capitalize on literate talent pool available in the region. The Manjakkudi centre has a capacity of 120 seats, and will open with a 50-seat pilot project for an international client in the retail sector.

The company’s net profit for the quarter surged by 9.85% at Rs 1219.30 crore as compared to Rs 1110.00 crore for the quarter ended June 30, 2010. Its total Income has increased by 23.08% to Rs 7521.70 crore for the quarter under review from Rs 6111.00 crore for the corresponding quarter of the previous year.