The contract, concluded last evening, is part of the lattice group’s previously announced investment of British pound 460 million in the construction of national fibre optic backbone network in the UK, according
to Wipro’s chairman Azim Premji.
This project is recognition of the competency that Wipro has built in the telecom space and comprehensive skill sets covering system integration to infrastructure support, he said, while commenting on the Wipro’s results for the quarter ended June 30, 2001.
He said although the project would largely generate revenue in the second half of the year, the company still expected revenue in excess of $30 million for this fiscal. This opens out a whole new market not only for Wipro but also for the Indian software industry.
On the company’s future prospects, Premji commented: looking ahead, we currently believe that we will continue to grow ahead of the industry growth rates. With Lottice group project win, we expect our growth to increase in the second half of this fiscal. (PTI)
