Systems integration and outsourcing services firm
Wipro Ltd. (NYSE: WIT) is raking in the bucks as more telecom companies move jobs overseas (see
Wipro Records Profit).
There are some who doubt the wisdom of sending jobs overseas, but companies such as Wipro, and its main rivals in India,
Tata Consultancy Services and
Infosys Technologies Ltd., are clearly profiting from the practice.
Wipro, which counts
Cisco Systems Inc. (Nasdaq: CSCO) and
Nortel Networks Corp. (NYSE/Toronto: NT) and numerous operators among its customers, increased its earnings per share for the year ended March 31 by 23 percent to 43.2 rupees (about US$1.00).
Get the details at
Boardwatch.
— Ray Le Maistre, International Editor,
Boardwatch
