As the world seems to shrink, so, too, do our skillsBy CLAUDIA SMITH BRINSON Columnist The new, tiny, expensive world - this world that never stops ticking and turning, faxing and instant messaging - keeps shrinking, keeps speeding up. For Americans, who possess remarkably little interest in...
By buttociated Press BANGALORE, India - India's third largest computer software exporter Wipro Ltd. said Friday its profit jumped 58 percent to $363 million in 2004 on surging demand for outsourced software and back-office services.
Revenues grew 39 percent to $1.87 billion in the fiscal year ending March 31 from $1.35 billion a year earlier, Wipro chairman Azim Premji said at the company's headquarters in southern Bangalore.
"During the year, our global information technology business posted healthy growth in revenues, expanded operating margin and virtually improved all operating parameters," Premji said.
Wipro's board of directors also announced a stock dividend and a cash dividend to its shareholders.
The company's Indian shareholders and the owners of its American Depositary Shares, or ADS, will get one extra share for each share they hold.
In addition, they will get 11 cents per ADS, or five rupees per equity share, as cash dividend.
Wipro's revenues from outsourcing services for Western companies alone totaled $1.39 billion, up 40 percent from $999 million last year.
The company also is involved in consumer care products, lamps and baby products.
Tamil Tiger Menace In LondonPolice warns South Asian migrants not to tolerate criminal gangs by Neville de Silva, Diplomatic Editor, Asian Tribune Sri Lankan and other...
Shares of Wipro rose 42 cents, or 2.2 percent, to $19.50 in early trading Friday on the New York Stock Exchange. The stock has been trading at a 52-week range of $11.61 to $25.70
