We had recently acquired oil and gas unit for both upstream and downstream revenues in oil and gas, huge potential from SAIC for about $155 million. That integration has gone well and they are looking at that acquired unit in terms of delivering results as you move forward, and also in terms of geo-expansion into some parts of Canada, Calgary, in LATAM, in Africa, and Middle East. So, it looks very promising, very good consultants we have. I think we will leverage that unit in terms of taking our Energy and Utilities Group, a vertical to the next level.In terms of demand outlook, in terms of how the market is sticking at, we still think that there is no appreciable change of any slowdown or any change in customer behavior at this point in time. We are getting about 53% of our revenues from US, 28% from Europe, and about 10% each from India and Asia-Pacific, and that's from the rest of the world, including Japan. We are not seeing any difference in customer behavior neither delay in signing up contracts or any cancellations, etcetera, etcetera.
Wipro's Management Presents At Credit Suisse Group Technology Conference (Transcript)
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.