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« Mar 11
Chairman's Speech (Wipro) Year : Mar '12
Dear Stakeholders,
 
 We are living in interesting times. Change is no longer sporadic and
 spaced out but regular and continuous. In this constantly changing
 world, our clients across the globe are focused on revenue growth and
 enhancing productivity with a view to increasing their profits. The
 entire Globe is their canvas. They are identifying newer growth
 opportunities and differentiating their offerings to customers in the
 market place. In parallel, our clients realize that they need to
 significantly change their cost structures and create a focused
 marketing strategy for each of their customer segments to compete
 globally.
 
 In my view, Technology is going to be the KEY enabler for clients to
 achieve this dual objective of growth and differentiation as they
 transform themselves.
 
 On the ''growth'' paradigm, our clients are looking for deeper customer
 insights and improved ways of delivering services to their customers
 which will increase their ability to cater to a global market. Wipro''s
 investments in key technology themes, coupled with our domain specific
 solutions and global footprint, positions us to be their trusted
 partners in their growth journey.
 
 Productivity and Variablization of cost structure is another prime
 priority of our clients. Technology for most of our clients is no
 longer a cost but an investment decision. It is a key enabler to drive
 productivity and simplify their business processes to reduce
 operational costs. Wipro with strong delivery capabilities, global
 presence and deep business process understanding, is well placed to
 help our clients achieve this goal.
 
 On the external front, it is these ideas that make me positive on our
 growth prospects in the IT services businesses. This optimism on the
 external front is supplemented by the significant progress on our
 organizational restructuring initiated in 2011. Wipro today is better
 equipped to help our customers to ''Do Business Better''.
 
 In the last completed fiscal year covered by this Annual Report, we
 achieved revenues of Rs 375 billion, recording a year on year growth of
 21%. All our efforts are directed towards positioning Wipro to leverage
 emerging opportunities in the market place to sustain our growth in the
 future. We continue to focus on our decade long sustainability journey,
 where we are seeing an increasing shift in mindset globally towards
 sustainable growth.
 
 To conclude, the energy in our leadership team and the high passion
 levels in our employees give us the confidence that we are well on our
 way to building a strong and sustainable business. I would like to
 thank each and every one of our customers, employees, shareholders,
 partners and supporters for their continued trust in building Wipro for
 this exciting future.
 
 
 Very Sincerely,
 
 Azim H. Premji 
 
 Chairman
Source : Dion Global Solutions Limited
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