Wipro Ltd.

Expecting more manufacturing-related outsourcing deals, Wipro is planning to open development centres in Europe. The company is already in advanced stages of finalising the location for the German development centre. The company already has a data centre near Dusseldorf set up for a leading financial institution.

The company, in the third quarter of 2013 fiscal, saw revenue contribution from Europe rising to 29.6 percent with manufacturing contributing 18.7 percent. In comparison, Cognizant’s Europe revenues have crossed $1 billion in 2011, ahead of others.

On the consolidated basis, Wipro posted a rise of 17.85% in its net profit after taxes, minority interest and share of profit of associates at Rs 1716.40 crore for the quarter ended December 31, 2012 as compared to Rs 1456.40 crore for the same quarter in the previous year. The total income increased by 11.11% at Rs 11311.50 crore for quarter under review as compared to Rs 10180.00 crore for the quarter ended December 31, 2011.