Wipro, India's third largest software services exporter, cited the uncertain global economic setting as a concern after roughly meeting expectations with a 10% rise in quarterly profit, mainly helped by a weaker rupee.
Speaking to exclusively CNBC-TV18, the Wipro management said, efficiencies were driven out of fixed price contracts. It said that the utilisation dropped to capture short-term opportunities.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!
