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canada goose coats BANGALORE, April 27 (Reuters) Wipro Ltd forecast tepid growth for its mainstay information technology services business and warned wage increases would hit operating margins this year, sending its shares down four percent. canada goose coats

canada goose India No. 3 software services exporter said on Wednesday it would raise wages of its India based staff by 12 buy canada goose jacket cheap percent to 15 percent and by 3 cheap canada goose uk percent canada goose to 4 percent from June 1 for those based at client locations. canada goose

Tata Consultancy Services, India No.1 outsourcing firm, beat net profit estimates last week, but said wage hikes and currency moves could threaten its full year margins. Infosys Technologies, the No. 2 IT exporter, had forecast lower than expected annual sales growth on slower client spend.

Canada Goose Jackets Bangalore based Wipro, which met forecasts with a 14 percent rise in fourth quarter net profit, said it expected IT canada goose clearance services revenue of $1.39 billion to canada goose coats on sale $1.42 billion in the fiscal first quarter. Canada Goose Jackets

Canada Goose Parka am disappointed by their guidance. They have forecast flattish growth in the first quarter compared to expectations of about 2.5 to 3 percent growth, said Shradha Agrawal, analyst canada goose black friday sale with Batlivala Karani Securities in Mumbai. Canada Goose Parka

canada goose store will make the task of matching the growth rates of rivals tougher for them. canada goose store

canada goose deals The IT revenue forecast canada goose store reflects canada goose uk black friday a decline of 0.4 percent at the low end to a rise of 1.6 percent at the top end when compared to the fiscal fourth quarter ended March 31. Kurien as the new chief executive. canada goose deals

buy canada goose jacket Wipro IT business, which develops software applications, integrates IT systems and manages call centres for clients such as Citigroup, Cisco and Credit Suisse, accounts for about three quarters of its revenue. buy canada goose jacket

canada goose clearance sale Wipro has been struggling uk canada goose outlet to canada goose coats win large outsourcing contracts due to intense competition with local and global rivals such as TCS, Cognizant Technology Solutions and IBM. canada goose clearance sale

canadian goose jacket The company expects a stable pricing cheap Canada Goose environment for its IT services, Chief canada goose factory sale Financial Officer Suresh canada goose clearance sale Senapaty said, adding that IT budget at clients would remain flat or rise in certain sectors. canadian goose jacket

The rupee rise is a concern for the nearly $60 billion outsourcing sector, which exports a large chunk of its services to the United States but chalks up expenses in rupees.

canada goose black friday sale Senapaty said the company had currency hedges of $1.6 billion as of the end of March to mitigate the impact of volatility. He said he expected the rupee to Canada Goose Jackets Sale be volatile in the next three to six months. canada goose black friday sale

Canada Goose online Wipro, which added 68 clients in the quarter its strongest pace of addition in at least Canada Goose Parka three https://www.canadagooseoutlete.com/ years is chasing about 25 contracts, each worth more than $50 million each. Canada Goose online

canada goose coats on sale SALARY buy canada goose jacket INCREASES Intensifying competition from global rivals IBM and Accenture has forced Indian technology firms to hike wages, seen as much as 15 percent higher this year. canada goose coats on sale

have announced wage hikes, Canada Goose Online effective June 1, 2011, canadian goose jacket which would have an impact on the operating margins, Senapaty said in a statement.

buy canada goose jacket cheap TCS plans to raise wages canada goose uk outlet by 12 to 14 percent for India based staff this fiscal year Canada Goose Outlet and Infosys has said it would raise wages by 10 to 12 percent. buy canada goose jacket cheap

Canada Goose sale Wipro said its IT revenue uk canada goose forecast was based on an exchange rate of 44.29 rupees to a dollar, in line with current rates. Canada Goose sale

Net profit for the fiscal fourth quarter rose to 13.75 billion rupees ($309 million) under international accounting standards, up from 12.09 billion a year ago. This compares with a Reuters poll forecast of 13.79 billion rupees.

Revenue rose 18 percent to 83.02 billion rupees, compared with a forecast of 82.54 canada goose uk shop billion Canada Goose Jackets rupees.

canada goose clearance Wipro added Canada Goose sale 68 clients in the quarter Canada Goose Coats On Sale while adding 2,894 employees. Operating margins in its IT services business were at 22.1 percent in the quarter. canada goose clearance

Canada Goose Outlet The company shares fell Canada Goose online 4 percent in opening trade on Wednesday, in a Mumbai market that was trading slightly higher. The stock was trading down 3.2 percent at 449.70 rupees in the noon trade. Canada Goose Outlet

The stock, valued at about $26 billion, have fallen 5.4 percent this year, compared with a 9 percent fall in the sector index and the wider market 4.3 percent loss. ($1=44.5 rupees) (Writing by Sumeet Chatterjee; Editing by Jui Chakravorty and Anshuman Daga).

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