Wipro: Demand outlook positive

Author: 
Reuters
Publication Date: 
Wed, 2009-12-09 03:00

BANGALORE: Wipro Ltd, India’s No. 3 software services exporter, sees a positive outlook for outsourcing demand as it looks to tap emerging markets and new industrial sectors, a top official said on Tuesday. “We do want to capitalize on the upturn that is taking place,” Suresh Vaswani, co-chief executive of IT business, told reporters.

The company is seeing some large deals coming from continental Europe and is looking to boost its presence in government and healthcare industrial sectors, he said.

India’s export-driven outsourcing sector has been on a roll in recent months following a brutal slide in demand at the end of last year as turmoil in the financial sector, software firms’ key client base, led to cancellation or postponement of contracts.

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