Earnings Call Excerpt
Here’s the entire text of the Q&A from Wipro’s (ticker: WIT) fiscal Q2 2005 conference call. The prepared remarks are here.
Sridhar Ramasubbu
Christina, we can go ahead with questions.
Moderator
Ladies and gentlemen, if you like to ask a question please press * then 1 on your phone keypad, you will hear a tone indicating that you have been placed into the question queue and may remove yourself from queue by pressing the £ key. Also we ask that if you are using a speakerphone that you please pickup your handset before pressing the numbers. Once again if you would like to ask a question please press *1 at this time.
Our first question come from the line of Anthony Miller with Arete Research, please go ahead.
Anthony Miller
Good afternoon and good evening gentleman. A couple of things if I may on the boarder picture, firstly in terms of your opportunity for mega deals. Obviously, your peers TCS and Infosys have hit the headlines recently both with ABN Amro and only yesterday TCS with Pearl. I am interested in understanding how you see your opportunity for those large-scale deals? Secondly, if you could also talk a little more about your proposed near-shore center in Eastern Europe, if you could give us some idea as when that’s going to be initiated, how many people you are going to have, what sort of investments that it will need, and also may be some idea of how the cost base of operating in Eastern Europe is likely to compare with your cost base in India, please?
Azim Premji
I would request Girish Paranjpe, who is the President of our financial solutions business to answer the first part of your question.
Girish Paranjpe
Clearly there is a certain pipeline of large deals, and as you know the time over which these deals get decided and also ultimately they are binary in nature. So while nobody looks at the gift horse in the mouth, we can’t really bank on the big deals to run our business. So we have kind of played both sides, we have tried to kind of focus on the accounts that we have and grow that on an organic basis at the same time try to build up a pipeline of the big deals which hit the headlines.
Sridhar Ramasubbu
One minute Christina, I think the second part of the question is to be answered, this is on Eastern Europe center. Just hold on.
- The prepared remarks from this call are here.
- Source: WIT web site.
- All India Stock Blog articles on WIT.
- A list of full conference call transcripts available on the Seeking Alpha Network.
- The complete list of India stocks (and links to articles about them) covered by The India Stock Blog.
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