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BANGALORE, July 24- Wipro Ltd, India's third-biggest software services exporter, forecast strong revenue growth on the back of higher outsourcing spending by overseas clients and said it was focussing on winning more deals in Europe.
BANGALORE/ MUMBAI, July 24- Wipro Ltd, India's third-biggest IT services exporter, posted a 29.6 percent rise in fiscal first-quarter profit and forecast a surge in revenue on the back of stronger spending on outsourcing by overseas clients.
MUMBAI, June 13- Vishal Sikka is equally comfortable designing cutting-edge software as he is negotiating in the boardroom, skills the new chief executive of Infosys Ltd will need to turn around a company that was once the poster child of India's $108 billion IT services industry.
MUMBAI, June 12- Infosys Ltd, India's second-largest IT services exporter, has for the first time picked an outsider as chief executive officer, as it seeks to boost sales of high-margin services like cloud computing and stem a staff exodus.
MUMBAI, June 12- Infosys Ltd, India's second-largest IT services exporter, named former SAP AG executive board member Vishal Sikka as Chief Executive Officer, the first time the company has not chosen one of its founders for the role. Infosys also said Executive Chairman N.R. Narayana Murthy and Executive Vice Chairman S. Gopalakrishnan would step down on June 14.
Sparked a revolution in business-process services for Western multinationals and showed Indian IT companies could compete with the best in the world.
We got an earnings report from IBM, and the picture they paint isn't pretty. The technology bellwether had a rough quarter.
TK Kurien, CEO of Wipro, says the company has been "over-reliant" on developed markets, but has seen opportunities in the emerging markets.
Suresh Senapaty, CFO of Wipro, says the group had a "very good quarter" as it added new customers but highlights it needs to accelerate its client hunting to catch up with competitors.
Ankur Rudra, Vice-President of Ambit Capital tells CNBC's Cash Flow that Wipro's rally is short-lived and advises investors to short the stock.
Chinese manufacturing activity this month is expected to be on the radar for Asian markets this week, alongside the latest Japanese inflation numbers.
Stocks have had a run of bad days as investors worry about the effects of Fed tapering, which could start as soon as September. But some experts say the markets have it all wrong.
This earnings season IT outsourcing firms have posted surprisingly upbeat earnings, a sign tech spending by U.S. corporations is slowly coming back, said analysts.
Vish Iyer, President of TCS Asia Pacific says the company is looking to expand footprint in China and is keeping an eye out for acquisitions that boost growth.
Nitin Padmanabhan, Analyst, IT & Telecom, India at Espirito Santo Securities tells us how to play Wipro and Tech Mahindra, as well as the Indian tech market
Suresh Senapaty, CFO of Wipro, discusses earnings and expectations and says the company will continue to grow as it has a lot of head space and its penetration is still fairly low at the moment.
India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the entry-level computer coders they normally hire.
Suresh Senapty, executive director at Wipro, tells CNBC why the company's lower than expected growth is down to political risk in the US and India rather than reduced demand for their products.
India's No.3 software services provider Wipro posted an 18 percent gain in quarterly profit, joining bigger rivals Tata Consultancy Services and Infosys in reporting better-than-expected earnings.
India's No.2 software services provider Infosys raised its revenue forecast after posting stronger-than-expected quarterly profit, triggering a 15 percent surge in its shares, set for their biggest gain in more than a decade.