Highlights of the Results:

• Total Revenue was Rs. 47.28 billion ($1.19 billion (1)), representing an increase of 35% over the same period last year.
• Net Income was Rs. 8.1 billion ($204 million (1)), representing an increase of 17% over the same period last year.
• Global IT Services and Products Revenue was Rs. 32.4 billion ($816 million1), representing an increase of 19% over the same period last year.
• Global IT Services and Products Earnings Before Interest and Tax (EBIT) was Rs. 7.16 billion ($180 million (1)).
• Global IT Services & Products added 59 new clients in the quarter.
• During the quarter, Wipro won several Large Deals including one with Total Contract Value (TCV) of $275 million and another with TCV of $160 million over multiple years.
• Wipro broadened its campaign around the Applied Innovation theme by launching the first ever global awards to recognize best practices in co-innovation and global sourcing.
• Wipro and SAP AG announced an expansion of their existing partnership with Wipro becoming a SAP global services partner.
• India and Asia-Pac IT Services and Products recorded a 41% growth in EBIT over the same period last year. Revenue grew by 76%.
• Consumer Care and Lighting Revenue grew 90% over the same period last year and EBIT grew 72%.
• Wipro declares an interim dividend of Rs. 2 ($0.051) per share/ADS.

Performance for the Quarter ended September 30, 2007 and Outlook for our Quarter ending December 31, 2007

Azim Premji, Chairman of Wipro, commenting on the results said "The results for the quarter demonstrate strong execution by Team Wipro on all fronts. Revenues from our Global IT Services at $796.5 million for the quarter, including Revenues of $6.4 million from Infocrossing, were ahead of our guidance of $ 777 million. We saw broad-based growth across Verticals, Services and Geographies. During the quarter, we won a few large multi-million dollar deals and the deal pipeline continues to be robust. Building out its theme of benefiting clients through Applied Innovation, Wipro partnered with global industry bodies to launch the first ever global awards to recognize best practices in co-innovation and global sourcing. Wipro completed its landmark Infocrossing acquisition through a successful tender offer.

Looking ahead, for the quarter ending December 2007, we expect our Revenue from our Global IT services business to be approximately $905 million, including incremental Revenues of $60 million from acquisition."

Suresh Senapaty, Chief Financial Officer of Wipro, said "Our performance on profitability demonstrated the resilience of our business model. Improved Realizations and superior management of key operating parameters like Offshore mix, Utilization and Bulge helped us not only fully mitigate the pressure on profitability on account of Offshore salary increases but also deliver an Operating Margin expansion of 80 basis points."

(1) For the convenience of the reader, the amounts in Indian rupees in this release have been translated into United States dollars at the noon buying rate in New York City on September 28, 2007, for cable transfers in Indian rupees, as certified by the Federal Reserve Bank of New York, which was US $1=Rs.39.75. However, the realized exchange rate in our Global IT Services and Products business segment for the quarter ended September 30, 2007 was US$1=Rs. 40.75.

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