See Wipro margins improve after non-IT units demerger: CFO

Profit margins at Wipro Ltd, India's No.3 software services provider, are expected to improve after it separates its non-IT businesses, the company's Chief Financial Officer Suresh Senapaty said on Thursday.

November 01, 2012 / 19:42 IST

Profit margins at Wipro, India's No.3 software services provider, are expected to improve after it separates its non-IT businesses, the company's Chief Financial Officer Suresh Senapaty said on Thursday.

Earlier the company said it will fold all its non-IT businesses into a new company and focus exclusively on information technology, sparking a more than 3 percent rally in its shares in Mumbai.

first published: Nov 1, 2012 01:02 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347