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News Breaks
November 25, 2009
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 10, 2012
09:44 EDTWIT
theflyonthewall.com: Wipro IT contract with Telenor India intact, WSJ reports

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January 31, 2012
04:48 EDTWIT
theflyonthewall.com: Wipro, Promax Applications Group enter strategic partnership

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