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India's Wipro Q4 profit up 7.7% but forecast muted

India's third-largest software company Wipro on Wednesday posted a 7.7 percent year-on-year rise in net profit for the January-March period, but gave a muted forecast that sent its shares tumbling.

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created Apr 25, 2012 | popularity not rated yet | comments 0

India takes US visa fee hike to WTO

India is challenging the United States at the World Trade Organisation over increased visa fees for skilled workers that have hit the country's flagship outsourcing firms, an official said Tuesday.

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created Apr 10, 2012 | popularity 5 / 5 (2) | comments 0

India's Wipro shares sale gets lukewarm response

An auction of India's Wipro shares by a trust controlled by its founder and chairman Azim Premji received bids for just under two-thirds of its offer size, stock exchange data showed late Wednesday.

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created Mar 14, 2012 | popularity not rated yet | comments 0

India's Wipro shares fall on share sale to fund charity

Shares in India's leading IT outsourcer Wipro fell 2.2 percent at one point Tuesday after its chairman, Azim Premji, said he will sell a 1.4 percent stake in the firm to fund charitable causes.

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created Mar 13, 2012 | popularity not rated yet | comments 0

Indian IT chief launches salvo at gov't: report

One of India's most respected businessmen slammed the government in remarks printed Tuesday, saying officials have failed to provide leadership as confidence in the country's economy wavers.

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created Nov 01, 2011 | popularity not rated yet | comments 0

India's Wipro positive despite global uncertainty

Indian IT outsourcing giant Wipro on Monday projected a positive outlook for the industry, despite gathering clouds over the global economy, as it announced a rise in quarterly profits.

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created Oct 31, 2011 | popularity not rated yet | comments 0

Metro belatedly opens in India's IT hub Bangalore

The first metro in India's IT hub of Bangalore rolls into service Thursday, a long-delayed and over-budget project to help the city's army of commuting software engineers and call centre staff.

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created Oct 20, 2011 | popularity not rated yet | comments 0

India's HCL profit soars, outlook upbeat

India's fourth-largest software firm HCL on Wednesday posted a leap of 52 percent in quarterly net profit, beating expectations and giving an upbeat outlook despite global economic uncertainty.

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created Jul 27, 2011 | popularity not rated yet | comments 0

India's Wipro profit edges up, shares dip on weak outlook

India's third-largest software firm Wipro posted a better-than-expected rise in first-quarter net profit on Wednesday but gave a muted revenue outlook due to global economic uncertainty.

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created Jul 20, 2011 | popularity 2 / 5 (1) | comments 0

India's Wipro points to weak revenue growth

Indian software giant Wipro on Wednesday forecast sluggish growth for the coming quarter in its flagship IT services division due to rising costs, as it showed slower-than-expected earnings data.

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created Apr 27, 2011 | popularity not rated yet | comments 0

India's IT leader Wipro revamps leadership

Indian software major Wipro announced Friday a change in leadership to bolster its profit performance after releasing quarterly earnings that lagged its IT peers.

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created Jan 21, 2011 | popularity 1 / 5 (1) | comments 0

Wipro posts 9.7 percent profit rise, below forecast

India's third-biggest software firm Wipro reported Friday a lower-than-forecast 9.7 percent rise in quarterly net profit, blaming a higher rupee and wage costs for the disappointing earnings.

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created Oct 22, 2010 | popularity 1 / 5 (1) | comments 0

India's Wipro says profit up 31 percent, outlook strong

India's third-biggest software exporter Wipro said Thursday quarterly net profit jumped a forecast-beating 31 percent and was upbeat about revenue prospects, citing better outsourcing demand.

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created Jul 23, 2010 | popularity 5 / 5 (2) | comments 0

India's Wipro reports profit rise as IT sector hots up

India's third-biggest software company Wipro on Friday said fourth-quarter net profit rose more than a fifth as the firm bagged several large deals amid a broad uptick for the sector.

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created Apr 23, 2010 | popularity not rated yet | comments 0

Global IT spending to rise nearly 5 pct in 2010: Gartner

Spending on information technology worldwide will grow nearly five percent in 2010 as an upturn in the global economy prompts companies to spend more, a consultancy said Thursday.

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created Jan 21, 2010 | popularity not rated yet | comments 0