Wipro's profit growth down on higher wages and acquisition

India's third largest outsourcer Wipro reported a 32 percent increase in revenue in the quarter ending December 31, but profits grew by only 11 percent over the same quarter last year, reflecting higher salaries in India, and reduced margins as a result of its acquisition last year of U.S. IT services provider, Infocrossing. ...continue reading 'Wipro's profit growth down on higher wages and acquisition'