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Wipro Q3 net jumps 19 pc

Bangalore: IT bellwether Wipro beat estimates with a 19 per cent rise in December quarter profit and projected growth as a global economic recovery boosts demand for outsourcing services and eases pressure on fees. Wipro, the country’s No. 3 software services exporter behind Tata Consultancy Services and Infosys Technologies, added 4,855 employees during the December quarter, its biggest pace of staff addition in more than two years. New York-listed Wipro expects its IT services revenue to rise 3.6-5.4 per cent in January-March from the preceding quarter to $1.16-$1.18 billion, after it posted a 4.9 per cent sequential rise in the latest quarter. "We have seen a positive demand environment," Chairman Azim Premji said in a statement. "In 2010, we expect IT budgets to be flat to marginally positive," he said.

                                                                                                               
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