Wipro to open add’l development centres in China: CFO

Wipro to open add’l development centres in China: CFO
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First Published: Mon, Sep 10 2007. 01 26 PM IST
Updated: Mon, Sep 10 2007. 01 26 PM IST
PTI
Bangalore: Wipro Ltd is looking to open additional development centres in China as it ramps up operations there to cater to the growing customers’ needs, a senior official said.
“We are looking at setting up more centres in China. In the next one year or so, we definitely will have more centres in China”, chief financial officer of the Bangalore-based IT major, Suresh Senapaty, told PTI.
The New York Stock Exchange-listed company already has three centres in China.
He said Wipro has not seen any impact on its outsourcing business from the US subprime mortgage crisis.
“Our exposure to clients which have lot of exposure to subprime is much much lower”, Senapaty said. “We do not expect any adverse impact of that in our business”.
Asked if Wipro has increased billing rates for customers following rising wages and appreciation of the rupee, he said, “it has always been Wipro’s desire and intention to be wanting to take the billing rates up. In that direction, we have taken many steps. We have been getting a fairly encouraging response.”
Senapaty said the company has not specifically communicated or given guidance to its customers to raise the billing rates by certain percentage points.
“The experience is generally good. Wherever we have asked for price revision, we have been able to get them more often”, he said, adding, the company has been able to get better rates from new clients.
The company continues to look for acquisitions to supplement its organic growth.
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First Published: Mon, Sep 10 2007. 01 26 PM IST