http://ia.rediff.com/money/2006/feb/02wipro.htm?q=bp&file=.htm


February 02, 2006 19:57 IST

Wipro on Thursday won a $300 million contract from General Motors for providing system integration services to the automaker.

Wipro has got more than $300 million contract, which is a part of the larger $15 billion deal announced by the carmaker, industry sources said.

The contract will be executed over the next five years.

Wipro restates value of General Motors' IT re-sourcing contract

http://www.hindu.com/2006/02/05/stories/2006020502741300.htm

EDS would continue to have the most business with the auto major


BANGALORE: Wipro has clarified that the $300 million number which has been reported as the value of the IT re-sourcing deal that was awarded to Wipro Technologies by automobile giant General Motors on February 2 "is not accurate".

"The company has won in direct bid the Middleware Systems and IS&S tools worth $27 million over five years," Wipro said in a statement here.

The numbers reported in the press as the value of this contract on February 3 were purely estimates of future business the company hoped to attain with GM and other IT suppliers supporting GM's business during the course of the contract, it stated.

After GM announced the award of contracts to a clutch of Tier-1 IT suppliers who will provide systems integration services to its extended global enterprise over the next five years on February 2, Sudip Banerjee, President, Enterprise Solutions, Wipro Technologies, had told reporters here that Wipro was expected to "garner revenues in excess of $300 million from the deal".

This would include revenues from the segment it had won from GM on its own — Middleware Systems and IS&S tools — as well as the three segments it had clinched in partnership with EDS.

While announcing the deal from its headquarters at Detroit in the US, GM had stated that it would spend approximately $15 billion (based on the present spend rate) over the next five years on its future information technology programme, but refrained from disclosing the value of the individual contracts awarded to different IT suppliers, including EDS, Hewlett-Packard, Capgemini, IBM, Compuware Covisint and Wipro.

GM said that EDS would continue to have the most business at GM but somewhat less than its existing outsourcing agreement that expires in June this year. "HP and Capgemini will increase their existing business while IBM, Compuware Covisint and Wipro will continue to be strategic IT partners to GM," the world's largest automaker had said.

Wipro's current contracts with GM are expected to yield revenue of approximately $40 million this fiscal ending March 2006.

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Orginally posted by desertfox

"The company has won in direct bid the Middleware Systems and IS&S tools worth $27 million over five years," Wipro said in a statement here.

The numbers reported in the press as the value of this contract on February 3 were purely estimates of future business the company hoped to attain with GM and other IT suppliers supporting GM's business during the course of the contract, it stated.

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GM still being in the black for the next 5 years...or so.

All the best to Wipro.

'Make Hay While The Sun Shines'

Hiren