Wipro to maintian full-year margins
Wipro Ltd, India’s No 3 software services exporter, expects margins in the full year to March to remain equal to or better than the previous year, its chief financial officer said on Friday.
The company was confident of maintaining or improving margins despite an “adverse impact on margins in the September quarter”, Suresh Senapaty told reporters.
Pricing had improved, he said, and the pipeline of orders “looked good”. Earlier, New York-listed Wipro said net profit for its fiscal first quarter ended June rose 15 percent to 8.14 billion rupees ($190 million) under US accounting standards, lagging a Reuters poll had forecast of 9.02 billion rupees.
