The outsourcing giant Wipro has made the changes to its outsourcing management. The move comes on the heels of its profit growth, the report that revealed the less net profits than its competitors. One of the company that releases earning earlier was rival. The Wipro has been struggling to make the big deals amid an economic down turn that roiled the industry. The company margins and the stock prices have also dwindled in the comparison with the rivals Tata Consultancy and the Infosys. Wipro has not been doing as well as the Infosys and tyhe TCS in the last six quarters. The wipro has announced p0lans to simplify its structure by making it good. This would mean that Girish Paranjpe and the Suresh Vaswani, the co-CEOS be leaving their positions as the Chief executives by the end of January. The Information Technology unit is responsible for brining in about 75 percent of its total revenue.
For the companies like Cisco, Citigroup and credit suisse the Information Technology unit is responsible for making the software applications, integrating the Information Technology systems and the managing customer services centers. They do not think that they should be making excuses, what they are trying to do is improve the performance in the Quarter 4 and significantly improve the performance going forward. The Wirpo was selected not just for the superior revenue figures but also for its clients.
The big name outsourcers has been lagging in the profits. The company’s 21 percent operating margin for the year 2010 was considerably lower than the Tata and the Infosys. The Wipro has made changes to its outsourcing management. The move comes on the heels of its profit growth report that revealed less net than its competitors. One of the company that releases earning was rival. The wipro has been struggling to make the big deals amid an economic downturn that roiled that industry. The company margins and the stock prices also dwindled in the comparison with its rivals. The Tata Consultancy and Infosys.
REFERENCE:
http://outsourceportfolio.com/wipro-shuffles-management-reporting-net-profit-outsourcing-rivals/
