The sales are placed at Rs. 3679 Crores against Rs. 3001 in Q1 2006. The net profit is up 8% at Rs. 671 crores.

TTM EPS is close to Rs. 20 which is discounted 25.4 times at the CMP Rs. 504.

The Board of Directors of the Company has approved on June 6, 2007 the schemes of amalgamation of the following wholly owned subsidiaries with the Company. The amalgamation is subject to the approval of the members, creditors of each of these companies and Wipro Ltd and subject to the applicable regulatory approvals.

i) Wipro Infrastructure Engineering Ltd
ii) Wipro Healthcare IT Ltd
iii) Quantech Global Services Ltd
iv) Mpact Technology Services Pvt Ltd
v) mPower Software Services (India) Pvt Ltd; and
vi) cMango India Pvt Ltd.