A focus on increasing the services revenues and internal cost reduction helped WeP Peripherals grow its bottom line to Rs 11 crore, even as operating margins reached 8% (up from 3% the year before). Exports dropped by 16% due to a slump in the OEM business while domestic business increased by 21%. WeP started a separate services division, with an independent management team, to handle their onsite and offsite printing services, which brought in Rs 7.2 crore, a 146% growth over the last fiscal.
Cost reduction helps gross profits grow by 167%
Fiscal 2003-04, out of which 85 were for the services division
l MD & CEO: Ram Agarwal l Startup year: 2000 l Products & services: IT peripherals l Employees: 445 l Address: 40, 1/A, Basappa Complex, Lavelle Road, Bangalore l Branches: 17 l Tel: 22270359/60 l Fax: 222277905 l Website: www.wepindia.com
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A focus on increasing the services revenues and internal cost reduction helped WeP Peripherals grow its bottom line to Rs 11 crore, even as operating margins reached 8% (up from 3% the year before). Exports dropped by 16% due to a slump in the OEM business while domestic business increased by 21%. WeP started a separate services division, with an independent management team, to handle their onsite and offsite printing services, which brought in Rs 7.2 crore, a 146% growth over the last fiscal./dq/media/post_attachments/347814381a60195ba34c251adfb4e1d1ae9c667f91fba80a1239f32e40528e15.gif)