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Reference Checks

By Joshua Weinberger  |  Posted 2003-06-01 Email Print this article Print
 
 
 
 
 
 

Complete dossier on Wipro Technologies.


Reference Checks

Blackwell's Book Services
Cloy Swartzendruber
Acting VP, I.T.
(503) 684-1140 x1366
Project: Oregon-based book distributor turned to Wipro last year to help with a key data-modeling project that was already underway, and now has 10 Wipro staffers offshore to go with 3 on-site.

PacifiCorp
Dennis Goodman
Procurement Manager
(503) 813-5000
Project: Oregon utility company uses Wipro to maintain further enhancements of its customer-service system.

Upromise
David L. Andre
CTO
(781) 707-8610
Project: Massachusetts-based savings network wanted to move some of its system-administration and development functions offshore. Now has 22 Wipro staffers in Bangalore, and one permanent on-site representative.

Nokia
Hannu Kivilinna
Head of Partnering, Nokia Networks
+358-500-981-118
Project: Started with Wipro back in 1997, developing software for the telecom manufacturer's network division.

Seiko Epson
Hideto Shimosato
General Manager
+81-263-53-4717
Project: The manufacturing company's Epson Software Development Laboratory subsidiary selected Wipro in 1996 for both onsite and offshore programming.

Farmers Insurance Group
James Fridenberg
VP, Policy Management Applications
(323) 930-6385
Project: As its first foray into offshore outsourcing, the insurer turned to Wipro in 2000 for a simple help-desk project, and has since ramped up the engagement.

Executives listed here are all customers of Wipro Technologies. Their willingness to talk has been confirmed by Baseline.

COGNIZANT OPERATING RESULTS*
  2003FY 2002FY 2001FY
Revenue $902M $696M $662M
Gross margin 36.6% 38.6% 40.6%
Operating income $200M $170M $153M
Net income $170M $171M $138M
Net margin 18.9% 24.6% 20.8%
Earnings per share $0.74 $0.74 $0.60
R&D expenditure $5.5M #3.0M N/A
*Fiscal year ends March 31
Other Financials**
Total assets $900M
Stockholders' equity $745M
Cash & equivalents $297M
Long-term debt $0.2M
Debt/Equity ratio 0.0%
Shares outstanding 232M
Market value at 5/29 $4.5B
**As of March 31, except where noted
Source: Company Reports


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Assistant Editor
joshua_weinberger@ziffdavisenterprise.com
After being on staff at The New Yorker for five years, Josh later traveled the world, hitting all seven continents in a single year. At Yale University, he majored in American Studies, English, and Theatre Studies.

 
 
 
 
 
 
 
 
 
 
 

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