Wipro Ltd is eyeing more lucrative financial industry contracts from Europe and the United States to catch up with its bigger rivals, as India's No. 3 outsourcing services provider looks to grow its sales by up to 4 percent in this quarter.Like its rivals Infosys Ltd and Tata Consultancy Services Ltd, Wipro is banking on a revival in demand for IT services from the industry's biggest markets as the economies of the United States and Europe improve."As the global economy is progressing towards stability, we see optimism amongst clients, especially in the West," Chairman Azim Premji said, after Wipro reported a slightly higher-than-expected net profit for the December quarter.India's $108 billion outsourcing sector generates more than 90 percent of its sales from providing services, including setting up IT networks and developing software applications, for overseas clients.
Infosys Limited (Infosys) provides business consulting, technology, engineering and outsourcing services. Shares of INFY remained unchanged at $60.70. In the past year, the shares have traded as low as $38.91 and as high as $60.94. On average, 1083030 shares of INFY exchange hands on a given day and today's volume is recorded at 100.
Wipro Limited (Wipro) is a global information technology (IT), services company. Shares of WIT remained unchanged at $13.52. In the past year, the shares have traded as low as $6.91 and as high as $13.54. On average, 721184 shares of WIT exchange hands on a given day and today's volume is recorded at 8106.
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