Wipro’s BPM unit close to hitting USD1bn 2020 revenue target

Wipro’s target of USD1bn revenue in 2020 for its business process management services business is close to being achieved. The Bengaluru-headquartered IT services firm is already generating close to USD1bn a year in revenue, ahead of the company’s 2020 target. About 40% of the 2020 target revenue is expected to come from business-process-as-a-service. Nagendra Bandaru, senior vice-president and global head of business process services (BPS), said the revenue is coming in ahead of time after the company implemented a long list of changes in the unit, including investing in technology and improving execution. In the latest quarter, the BPS business pulled in over USD243m in revenue.