Earnings Call Excerpt
Wipro Ltd. (WIT)
F1Q10 (Qtr Ended 6/30/09) Earnings Call
July 22, 2009 9:15 am ET
Executives
Sridhar Ramasubbu - Investor Relations
Azim Premji - Chairman
Suresh Senapaty - Chief Financial Officer
Suresh Vaswani - Joint Chief Executive Officer, IT Business
Girish Paranjpe - Joint Chief Executive Officer, IT Business
Manish Dugar - Chief Financial Officer, Wipro Technologies
Analysts
Joseph Foresi - Janney Montgomery Scott
Mark Marostica - Piper Jaffray
Trip Chowdhry - Global Equities
Ed Caso - Wells Fargo Securities
Moshe Katri - Cowen & Company
Ashish Thadhani - Gilford Securities
Viju George - Edelweiss
Neville Elisha - Pacific Crest
Ashwin Shirvaikar - Citigroup
George Price - Stifel Nicolaus
Rachael Stormonth - NelsonHall
Presentation
Operator
Good morning. My name is Gene and I will be your conference operator today. At this time I would like to welcome everyone to Wipro’s quarter one results and earnings call for period ending June 30, 2009. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions).
Thank you. Mr. Sridhar Ramasubbu, you may begin your conference.
Sridhar Ramasubbu
Thanks, Gene. Good morning, ladies and gentlemen, and good evening to the participants across the globe. Rajendra, Rushab, Aravind, Lalit, join me from Bangalore in extending a very warm welcome to all the participants to Wipro’s first quarter results and the earnings call for the period ended June 30, 2009.
We have with us today Mr. Azim Premji, Chairman, Mr. Suresh Senapaty, CFO, who will comment on the IFRS results for period ended June 30, 2009. We are joined by Joint CEOs of IT business, Suresh Vaswani and Girish Paranjpe, and other senior members of the Wipro management team who will be happy to answer questions.
During the call we might make certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act 1995. These statements are based on management’s current expectations and are associated with uncertainty and risks, which could cause the actual results to differ materially from those expected.
These uncertainties and risk factors have been explained in detail in our filings with Securities and Exchange Commission in the U.S. Wipro does not undertake any obligations to update forward-looking statements to reflect events or circumstances after the date of filing thereof.
The call is scheduled for one hour. The presentation of the first quarter results will be followed by a question-and-answer session. The operator will walk you through the procedure for asking questions.
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