Outsourcing Pushs Wipro Profits

Gulf Daily News reports India's third-largest software exporter, Wipro, profits grew by 83% in the first fiscal quarter from the previous year. This gain is attributed to high demand for outsourcing services and higher prices paid for software development.

"Wipro has added 35 new clients in the last quarter and 23 of them are based in the US, while the company has hired 3,015 programmers in India."

"This will give you a clear indication of what business feels about outsourcing."