Wipro bets big on energy biz

Software services major Wipro, which recently hived off its non-IT business into a separate entity, is betting big on the energy vertical as more companies turn to technology-centric methods for exploration and production of natural resources.

Studies suggest that oil and gas industry is expected to grow at about 2 per cent annually for the next 20 years, Wipro Infotech VP and Head Client Relationship Group Anurag Mehrotra said.

With increasing difficulty in accessing resources, domain focused technology centric and economical solutions will be in demand, he said, adding, “This provides a great opportunity for service providers like us having both the domain expertise as well as experience of being at the sweet spot where technology meets business.”

The Energy, Natural Resources and Utilities business contributed 15.1 per cent of Wipro’s IT services business revenue for the quarter ending September 30, 2012.

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