According to Forbes some 500 public companies meet their definition of 'big' but on application of additional criteria such as sustained and rising profitability only half of the sample survived. From this set of companies, Asia-Pacific region's fabulous 50 were selected. Companies with at least USD 5 billion in revenue or market value and with the best aggregate scores for long-term profitability, sales and earnings growth and stock-price gains were the statistical criteria. Editors made the final selections.
Mr. Suresh Vaswani, President, Wipro said, "It is a great honor to receive this recognition from such a prestigious magazine as Forbes, known for its integrity and rigorous analysis. Furthermore, we are confident that, by offering our robust solutions in the dynamic marketplace, Wipro is well placed to become the global IT services leader."
On the company's commitment to the Middle East region, Mr. Vaswani said that,
"Wipro is extremely committed to building a strong customer base in the Middle East and will continue to provide value to our customers through our global experience, understanding of various technology domains and bringing customized solutions to our customers in the region."
Wipro started its operations in Middle East region in June 2001. In the subsequent years it expanded its operations in the region to Kingdom of Saudi Arabia, Oman, Qatar, Bahrain and Kuwait. Today it has built a strong customer base in Middle East. Some of its customers in the region include-Doha Bank, Gulf Insurance Company, Sharjah Electricity and Water Authority, Dubai Metal and Commodity Center, SPC and Dubai Municipality among others.
Wipro delivers high end IT services and consulting services to its client in the Middle East region through its two regional offices. One in Dubai Internet City handling operations in UAE, Qatar, Oman and Kuwait, and the second at Al Khobar catering to Saudi Arabia and Bahrain.
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