Eco chapters has been launched under the umbrella eco-eye, a programme driven to ensure environmental sustainability, aimed at engaging all Wipro stakeholders, including employees, partners, suppliers, customers and immediate communities, in its agenda to step up measures to protect the environment.

As part of the green initiative, there have been efforts to design products and solutions that reduced hazardous waste and focuses on enhancing environmental sustainability, Wipro B Delivery and Location Head Hyderabad Krishna Murthy said.

Wipro has also been helping customers deal with e-waste like safe disposal of hardware and aims at becoming a carbon neutral, water positive organisation, achieving a defined level of biodiversity foot print, he said.

Wipro also aims to achieve transparency in sustainability reporting and incorporate the expected effects of climate change and other areas of environmental degradation into its risk strategy, he added.

The June quarter results does not include the effects of the merger between Wipro Infrastructure Engineering, Quantech Global Services, Wipro Healthcare IT, mPower Software Services India, mPact Technology Service and cMango India, which was effective from April 1, 2007.

The current quarter numbers are not comparable with those of the year-ago period, it added.

The company reported a standalone Q1 net profit of Rs 5.46 billion, against Rs 6.71 billion in the previous year.

The total income rose to Rs 48.07 billion in the latest quarter, from Rs 37.77 billion in the same quarter last year.

Wipro Chairman Azim Premji said, "Revenues from our IT Services were USD 1.07 billion for the quarter, ahead of our guidance of USD 1.06 billion. In the backdrop of significant economic uncertainty, our financial services and retail businesses demonstrated their resilience."

During the quarter, the company added 31 new customers to their existing 100 million dollar customer list. Wipro expects IT Services revenue to be about USD 1089 million in the September quarter, the filing stated.

"During the quarter, we were able to sustain margins in spite of restricted stock units grants. Rate realisation and utilisation improved sequentially by 300 basis points and 50 basis points respectively," Wipro Chief Financial Officer Suresh Senapaty said.

Shares of Wipro were trading at Rs 382.50, 0.71 per cent up in the early morning trade on the BSE.

(PTI)

On Wednesday world oil traded near record highs of about $142 a barrel after the OPEC president talked about uncertainty surrounding future investment in energy facilities that could boost crude output.

Asian shares fell as investors remained concerned about the impact of soaring oil prices on corporate earnings. A surprise expansion in United States manufacturing helped the Dow Jones Industrials pare its losses and close 0.3 percent higher.

Of the 30 components stocks of the Sensex, 27 gained in the early trade, led by soap-to-software maker Wipro Ltd., which was up 3.71 percent at 431.50 rupees. Reliance Communication Ltd., which fell about 8.5 percent on Tuesday, was up 3.31 percent at 409.10 rupees on Wednesday. Information technology bellwether Infosys Technologies Ltd. was up 2.96 percent at 1,761.00 rupees.

The Indian rupee was hovering around 43 rupees-a-dollar and software exporters gained from the weakening rupee.

The realty gauge was flat, shedding 0.02 percent, the banking sectoral index was also flat with a 0.56 percent gain.

The broader market breadth was also positive as 58.29 percent of the 1,237 traded stocks were up in early trade.

TFN.newsdesk@thomson.com kbo/alo

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"Wipro's deep solutions expertise and emerging country resources will help to deliver the world-class infrastructure and agility required to support our growing global operations," said Dinesh C. Paliwal, Harman Chief Executive Officer. "Our IT professionals will also benefit from new career path choices through their association with a premier solution provider."

"We are delighted with the confidence shown by this association," said P R Chandrasekar, President, Europe & Americas. "We see customers interested in taking advantage of globally delivered services and further optimizing their operations through innovative use of technology and well defined support processes."

Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally. For more information, please visit Wipro websites at www.wipro.com and www.wiprocorporate.com

Harman International (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment products for the automotive, consumer and professional markets. The Company maintains a strong presence in the Americas, Europe and Asia and employs more than 11,000 people worldwide. The Harman International family of brands spans some 15 leading names including AKG, Audioaccess, Becker, BSS, Crown, dbx, DigiTech, , Harman Kardon, Infinity, JBL, Lexicon, Mark Levinson, Revel, QNX, Soundcraft and Studer. The Company's stock is traded on the New York Stock Exchange under the Symbol HAR.

SOURCE: Harman International Industries, Incorporated

Harman International Industries, Incorporated
Brad A. Hoffman, Vice President, Corporate Communications
248-592-3171
bhoffman@harman.com