The above graph represents Wipro revenue from Americas, by year. In fiscal 2018, Wipro’s total revenue declined by 1.41% YoY to clock Rs 546,359 million, globally. Interestingly, nearly 52% of the company’s total revenue and over 53% of the company’s IT Services revenue came from the Americas (including the United States). Despite this, the total revenue from the Americas in 2018 declined by 2.5% YoY, to Rs 283,515 million. However, it is important to note that this was the first time in the last 18 years, when Wipro’s Americas revenue declined, annually. The “Global Economic Crisis” is the primary reason behind this declined revenue, as per Wipro’s 2018 Annual report.
In fiscal 2017, Wipro’s annual revenue from the Americas hit an all-time high of Rs 290,719 million, with 12.4% YoY increase. The region contributed approximately 55% to Wipro’s IT Services segment revenue in that year.
In the last 18 years, Wipro’s revenue from the Americas increased significantly – from Rs 6,522 million in fiscal 2000 to Rs 283,515 million in 2018.
About Wipro Limited
From selling vegetable and refined oils to becoming the first Indian IT Company to be ISO certified, “Western India Vegetable Products Limited” aka Wipro Limited (NSE: WIPRO) has come a long way since its incorporation by Mohammed Premji on 29th December 1945.
After Mohamed Premji’s death, in 1966, his son Azim Premji took over Wipro as its Chairman. He holds a Bachelor of Science in Electrical Engineering from Standford University.
On 7 June 1977, the company’s name changed from Western India Vegetable Products Limited to Wipro Products Limited. Later in 1982, the company’s name was changed again, from Wipro Products Limited to Wipro Limited.
With its headquarters in Sarjapur, Bengaluru, Karnataka, India, its products and services are not confined to a niche. It manufactures products in Personal care and healthcare, Lighting, Furniture and provides IT-Based services in Digital Strategy, Consulting, Outsourcing & Aerospace. This huge list of products and services gained Wipro revenue of $8.5 billion in FY 2019.
Wipro claims to have 175,690 dedicated employees worldwide as of FY 2019. Out of which, 35.2% are women employees.
In 1990, Wipro formed a joint venture with GE Healthcare South Asia called “Wipro GE Medical Systems Limited”. This partnership was engaged in the research and development of advanced solutions to cater to patient and customer needs in healthcare.
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