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Latest Business News

Wipro Quarterly Profit Up on Outsourcing

Friday, July 22, 2005 6:23:45 AM
S. SRINIVASAN

BANGALORE, India (AP) - India's third-largest software exporter Wipro Ltd. said Friday its profit jumped 31 percent to $98.1 million in the April-June quarter mainly because of outsourcing by Western corporations.

Revenue grew 29 percent to $525.5 million, including $397.3 million from outsourcing, company results under the U.S. Generally Accepted Accounting Principles showed.

In April-June 2004, profit was $74.8 million and revenue totaled $406.7 million.


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