Wipro's Accounting Policies


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Case Details:

Case Code : FINA006
Case Length : 15 Pages
Period : 2003
Pub. Date : 2004
Teaching Note :Not Available
Organization : Wipro
Industry : Information Technology (IT)
Countries : India

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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Introduction

Wipro, one of India's well known computer software companies had staged a strong comeback in 2003. Wipro's senior managers looked back with satisfaction at the company's financial performance.

The company had spent the last three years restructuring so that it could start selling end-to-end solutions to customers, instead of bidding for piecemeal projects. In a short time, Wipro had built three new businesses - enterprise solutions, infrastructure management and Business Process Outsourcing (BPO) that together accounted for 30% of total software revenues and were expected to be the company's major growth drivers in the future.

No other Indian company had such a strong presence in all three service lines. Wipro's performance had been remarkable, considering that it had primarily been a technology solutions company, with a relatively weak presence in enterprise applications...

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