Thursday, July 28 2005 15:31 Hrs (IST) - World Time -

Singapore: Wipro Infotech, the IT services and products arm of India based Wipro Ltd, today offered its customers the first glimpse into next generation technology that have the potential to boost their businesses.

The preview of tomorrow's technology was part of the company's maiden 'Leading Edge Technology' meet that was kicked off here today (July 28, 2005).

Wipro Infotech hopes the meet would help the company get a foothold in the fast growing Asia Pacific market and strike a deeper relationship with its customers.

"What we are really trying is to give customers a peek of what future could be like in terms of technology and how they could leverage it for their business," Infotech's president Suresh Vaswani told to sources in Singapore on the sidelines of the three day event.

"From being technology services provider, we have been transforming into actually being a strategic partner for customers," he said.

About 100 CEOs and CIOs of Wipro's customer companies are attending the event. Depending on customer feedback, the company would make the event an annual affair, Vaswani said.

Moore's law fueled worldwide technology revolution

According to Wipro officials, some of the topics that would be discussed and debated include technology trends for 2005 and beyond. "Companies like Sun Microsystems will bring to light new ways of taking advantage of Moore's law, the observation about silicon integration that has fuelled the worldwide technology revolution."

"We want to get even more strategic to customers. We want to virtually become left and right hands of CIOs, so to speak, as also CEOs as both work very closely," Vaswani said.

Pointing out more than 5,000 employees of Wipro are focused on software services in the domestic market, he said the company planned to have a lot more remote servicing, rather than onsite services".

Wipro Infotech, Vaswani said, was building more domain expertise and more virtualized solution approach to customers providing even higher end total outsourcing. "Customers can completely outsource their IT infrastructure and software services to us".

"If we have been focusing on the US, Europe, India and Japan markets, from 4-5 years back, consciously we have been expanding we have expanded into the Middle-east, we have expanded into south Asia. And our larger centre is in Australia.

"We are currently focusing on Australian market. But we are also focusing on ASEAN countries, Singapore and Malaysia. Our aspiration is to become one of the leading global IT players," Vaswani said.

Wipro Infotech recorded revenues of Rs 338 crore in Q1 of 2005-06, representing an year-on-year growth of 25 per cent, and profit before interest and tax growth was 61 per cent.

Infotech's parent company, Wipro Ltd., has in recent times been adopting a de-risking strategy, which saw the New York Stock Exchange-listed firm growing faster in Europe and the Asia Pacific, than in the US.

Wipro Chairman Azim Premji said last week that, the company plans to open a software services and BPO centre in Eastern Europe to serve customers in the European region, particularly Germany and France.