India’s Wipro hopes to maintain margins in FY11

BANGALORE, April 23 (BestGrowthStock) – Wipro Ltd (WIPR.BO: ),
India’s No. 3 software services exporter, hopes to maintain or
improve profit margins in the financial year 2011, its chief
financial officer said on Friday.

Pricing will remain stable in the fiscal year that ends in
March 2011, Suresh Senapaty said.

Earlier in the day, Wipro met expectations with a 21
percent rise in quarterly profit but gave a outlook that was
slightly below street estimates as a stronger rupee is likely
to crimp margins and counter the impact of a rebound in demand.
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(Reporting by Sumeet Chatterjee; Editing by Ranjit
Gangadharan)

India’s Wipro hopes to maintain margins in FY11