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Wipro aims to make $150 million from intellectual property this FY

Published Date: 11/30/2018 9:16:52 PM
Last year, the Bengaluru-headquartered software services company had clocked a revenue of about $80 million from IP-led business, in keeping with chief executive Abidali Neemuchwala’s strategy to extract more value from the segment, said a person with direct knowledge of the IP business. 

“Wipro generated revenue of nearly $80 million from IP last year and this year, it has a target of about $150 million,” the person told ET on condition of anonymity. “IPs that are sold independently he  had said.. 
Wipro Promax, which facilitates trade promotion, is sold independently and is a key revenue generator among patented IPs. Like Promax, Wipro has IPs in the virtual desktop infrastructure segment, which helps large enterprises such as banks to maintain confidentiality and centrally manage data. 

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