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News Breaks
08:38 EDTWIT
theflyonthewall.com: Wipro's IT CEO: "financial segment is improving', Reuters reports
Suresh Vaswani, joint CEO of Wipro's (WIT) IT business, said at the Reuters India Investment Summit in Bangalore that it's seeing an uptick in demand at its key financial services segment and expects to sustain overall operating margins in the near term as the business environment improves. "The recovery is taking place slowly ... Customers have decided to move on and make things happen," says Vaswani. The company's banking, financial services and insurance segment, which accounts for about a quarter of its revenue, has been pressured by project delays and tightened customer spending amid the global slowdown. Reference Link :theflyonthewall.com



News For WIT From The Last 14 Days
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February 1, 2010
06:07 EDTWIT
theflyonthewall.com: Wipro partners with Trend Micro to develop virtual security technologies
Trend Micro has partnered with Wipro Technologies, the global IT services business of Wipro, to offer next-generation virtualization security solutions for dynamic datacenters. The goal of the partnership is to develop solutions that help secure public and private cloud computing environments that are being increasingly challenged to deliver operational cost savings, while still ensuring the security and compliance of critical IT assets. :theflyonthewall.com

January 27, 2010
07:48 EDTWIT
theflyonthewall.com: Wipro and British American Tobacco enter into strategic agreement
Wipro Technologies, the global IT services business of Wipro (WIT) announced that it has entered into a multi-year outsourcing engagement with British American Tobacco (BTI), to help the company improve the effectiveness and efficiency of application support services for its global business operations. :theflyonthewall.com
07:25 EDTWIT
theflyonthewall.com: On The Fly: Asian Markets Wrap-up

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