| Home : April 19 2013 Computer News : Wipro's IT services business posts slow growth in difficult market |
|
Wipro's IT services business posts slow growth in difficult market |
April 19, 2013
Indian outsourcer Wipro reported slow revenue growth in its IT services business, reflecting a continued volatility in the outsourcing market.The company said Friday that revenue for its IT services in the first quarter was US$1.6 billion, up by 3.2 percent from the same quarter last year. For its fiscal year ended March 31, revenue was $6.2 billion, a 5 percent increase from the previous fiscal year.Wipro and other Indian outsourcing companies are contending with an uncertain market for outsourcing, with wild swings in customer demand from quarter to quarter, analysts said.Cross-currency volatility also affected Wipro's financial performance, the company said.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2035750/wipros-it-services-business-posts-slow-growth-in-difficult-market.html#tk.rss_all
|
|
|
|
|
