WIPRO IT SERVICES’ FY2010 RESULTS INDICATE THAT MARKET RECOVERY IS WELL UNDER WAY - TBR COMMENTARY - Sponsored Whitepaper

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Wipro IT Services left the economic downturn in the dust in its fiscal fourth quarter (calendar 2010), reporting strong revenue and solid margins. TBR expects the organization to continue on its path of recovery throughout 2010 as all but three (Product Engineering, Retail & Transportation and Japan) of its 17 breakouts posted double-digit growth.

TBR believes Wipro IT Services’ pay-per-use cloud computing business model, which is designed for the SMB market, is in line with the needs of these clients, removing the burden of having to purchase and maintain hardware. However, we also believe Wipro IT Services will have a tough time making a name for itself in cloud computing as many firms have already established themselves in this space.
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