Wipro increases profits and staff numbers

Indian service provider Wipro has recorded a double-digit increase in profits for its latest quarter and now has more than 100,000 IT services staff.

The...

Indian service provider Wipro has recorded a double-digit increase in profits for its latest quarter and now has more than 100,000 IT services staff.

The company reported third quarter profit of $295m, which was 19% higher than the previous year. It added almost 5,000 IT services staff.

It is the latest Indian supplier to post strong results.

UK customers are still spending money on services that will cut costs, according to Ayan Mukerji, chief sales and operations officer for Europe at Wipro.

"The primary driver for customers is still cost cutting and they are not increasing discretionary spend," he said.

He added that the telecoms, utilities and financial services sectors were showing signs of recovery in terms of IT spending.

Enterprise applications and BPO were the services which saw the biggest increases in demand.

Mukerji said cloud computing is central to Wipro's strategy going forward. "More and more IT managers are putting cloud computing at the centre of their strategies like we are," he said.

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