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Wipro Soars on Outsourcing

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

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reality_bites 12/5/2012 | 1:57:54 AM
re: Wipro Soars on Outsourcing Most people in India are not concerned about China or even Pakistan. There are two things that drive popular consciousness - movies and cricket. Pakis get more attention since they are our flesh and blood (even if they deny that) and also play cricket....Brahmos appears to have stayed in the US too long. Average Indians have little interest in any conflict outside the sub-continent. We have no inherent hostility towards China or anyone else. We are engaged only to the extent necessary and essentially do not particularly care. If China wants to screw Tibet and Tibetans over any more than they already have, they will only destroy the roots of their spiritual heritage and eventually pay a huge price as a nation. They are too smart to do that ; else they would not have survived so long.
-desi-from-india.
sigint 12/5/2012 | 1:58:06 AM
re: Wipro Soars on Outsourcing brahmos:

fortunately decades of self-destructive economic
isolation in India is over and that itself should
ensure 'peace & friendship' from china.

peace thru strength.
__________________________________________________

Well put. Now the real need is to *somehow* get rid of corruption in defence procurement in general. that would open the way for private companies in the defence sector, better pay, and better engineers. 10% or less of people employed in the defence labs are endowed with both competence and commitment. the deadwood floats up the ranks, and cripples projects.
brahmos 12/5/2012 | 1:58:07 AM
re: Wipro Soars on Outsourcing > What's the chinese name for the Himalayas?

he has already said it was his last post.

Beijings stragtegy has always been to exert
pressure by other means (economic, political,
proliferation, terrorism) when a clear-cut military
resolution cannot be obtained , as the case
is on the Indo_tibetan border now. The 'peaceful
intent' is not a morality change but more a
case of waiting for the right conditions to emerge.

fortunately decades of self-destructive economic
isolation in India is over and that itself should
ensure 'peace & friendship' from china.

and ofcourse a few A3's will continue to lose
themselves in the vast hills and dales of india :)

peace thru strength.
sigint 12/5/2012 | 1:58:09 AM
re: Wipro Soars on Outsourcing Indy,

What's the chinese name for the Himalayas?

thanks,
Sigint
sigint 12/5/2012 | 1:58:10 AM
re: Wipro Soars on Outsourcing Indy_lite,

Thanks for the links. It's good to get a chinese perspective on this, without the use of invective.

But face the fact, "Peaceful liberation" of tibet, sounds awfully like the liberation of Iraq. If Tibet hadn't happened, China and India would still be friends. Possibly allies, and the most formidable power bloc on the planet. The misadventures in Tibet undid everything.

Similarly, claims about a "major" attack by the Indian forces in 1962 are a bit of a stretch. Everyone knows that the poorly equipped Indian army of those days wasn't really capable of launching a major offensive.

And, you can't possibly deny that china has armed pakistan, a major irritant for India.

China didn't really have to threaten peace in the region to achieve "peaceful settlement of the border dispute".
flam 12/5/2012 | 1:58:10 AM
re: Wipro Soars on Outsourcing This will be my last message ever at LightReading:

Okay, thank you kindly.


EBAY is soaring, sad, I don't work for EBAY. I work for some crappy company that makes equipment to power the internet for EBAY to make all the money.. Time to change career!!


Huh?

Indy_lite 12/5/2012 | 1:58:12 AM
re: Wipro Soars on Outsourcing This will be my last message ever at LightReading:

EBAY is soaring, sad, I don't work for EBAY. I work for some crappy company that makes equipment to power the internet for EBAY to make all the money.. Time to change career!!
Indy_lite 12/5/2012 | 1:58:13 AM
re: Wipro Soars on Outsourcing And in some quixotic fashion, there seems to be serious differences of opinion between I and you, around the *exact* role of the English

I have stated several times in the past about the "English colonial trick of divide and rule". So there is no difference between you and me here. Unfortunately, brahmos seems to be still fooled by the English trick, as the whole thing started with msg #51 from brahmos: "india doesnt need to reach london or nyc, the targets are all in eastern coast of china. 5000km is enuf." The English trick is still working, and that is very sad - and that's the purpose of my post to wake the brahmos's up.

http://us.rediff.com/news/2002...

http://www.centurychina.com/pl...

http://www.china.org.cn/englis...
sigint 12/5/2012 | 1:58:15 AM
re: Wipro Soars on Outsourcing Indy_lite:
It became an issue when Englishman illegally and violently left India, and with no culture and religion suppression from England, there emerged two enenmies between India and Pakistan.
__________________________________________________

Are you seriously telling us that you have no clue about the age-old English colonial trick of divide and rule? It worked beautifully in India, dividing the society along religious lines.

And in some quixotic fashion, there seems to be serious differences of opinion between I and you, around the *exact* role of the English ... Good heavens.
Indy_lite 12/5/2012 | 1:58:16 AM
re: Wipro Soars on Outsourcing The border between India and Tibet was always an undemarcated border with the populations of each side moving across for trade, pilgrimage & education from time immemorial. The border became an issue after China illegally occupied the nation of Tibet and violently suppressed the culture and religion , committed genocide on the Tibetan population and started moving large numbers of Han chinese into Tibet.

The border between India and Pakistan was not an issue when English assigned officials to rule Indians at all levels, with the populations of each side moving across for trade, pilgrimage & education from time immemorial. There was no religious tension either.

It became an issue when Englishman illegally and violently left India, and with no culture and religion suppression from England, there emerged two enenmies between India and Pakistan. Each trying to be America/UK's friend at the other side's expense, and by all means. There is large number of population movement at hot spot Kashmia between India and Pakistan.

(China had trouble moving people from east coast to its northwest area, which is much better land than anywhere in the southwest, moving Han to Tibet ?)
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