Wipro spins out govt business as separate segment

New Delhi: Wipro has carved out a separate segment for catering to the business it gets from the government and public sector companies, according to a company release sent to the stock exchanges. Wipro had last quarter disclosed its plan to carve out this business “given their distinct operating rhythm and need for differentiated execution rigor.” The rest of the India enterprise business would continue to be part of its IT services segment. Wipro’s IT services segment primarily comprises IT service offerings to customers organized by industry verticals. The industry verticals in this segment are banking, financial services and insurance ; health business unit; consumer business unit; energy, natural resources and utilities; manufacturing; technology and communications.