Wipro Sees Discretionary Spend Return In U.S.


"From a geo perspective, we saw good growth come from the India and Middle East (West Asia/Gulf) business, as evident from five percent sequential growth in global infrastructure services," he said.

Observing that open source technologies have moved mainstream in the infrastructure and application layer with traditional enterprises adopting models from web-based companies, Kurien said the company was engaged with leading clients to re-architect their technology landscape to achieve cost savings, innovation and agility.

"Digital transformation is driving our clients to rethink on how they protect themselves from disruption by improving customer relevance and cost efficiency by digitising their legacy processes and infrastructure," he noted.

The city-based company continues to invest in technology and human resources to enable its customers compete better in the marketplace and to improve its execution capability.

Wipro Thursday posted net profit of 2,118 crore (approx $352 mn) for 2014-15's first quarter (April-June), registering 30 percent growth year-on-year (YOY) under the Indian accounting standard, while projecting an average higher revenue of $1.8 billion from its global IT services business for the second quarter.

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Source: IANS