(Reuters) - BANGALORE, July 19 - India's third-largest
software services exporter, Wipro Ltd. ,
reported a weaker-than-expected 16 percent rise in quarterly
profit on Thursday as a stronger rupee hit margins, sending its
shares down 2 percent.
Wipro, which offers IT solutions such as system
integration, software development and back-office services to
companies looking to cut costs, said it hoped to maintain
margins in the current quarter by improving efficiencies, but
analysts doubted they would recover significantly for the rest
of the year.
Read more at Reuters.com Market News
software services exporter, Wipro Ltd. ,
reported a weaker-than-expected 16 percent rise in quarterly
profit on Thursday as a stronger rupee hit margins, sending its
shares down 2 percent.
Wipro, which offers IT solutions such as system
integration, software development and back-office services to
companies looking to cut costs, said it hoped to maintain
margins in the current quarter by improving efficiencies, but
analysts doubted they would recover significantly for the rest
of the year.
Read more at Reuters.com Market News
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