Wipro Ltd.

Wipro is reportedly planning to expand its footprint in Germany, one of the under-penetrated IT outsourcing services markets in the European region. In this regard, the company is considering acquisition in the country, while the company will also grow its presence through organic route.

The company, so far, has not acquired any entity in Germany for its IT services business even though its acquisitions of Austrian firm NewLogic and Portugal-based retail solution provider Enabler had given it small presence in Germany.

Wipro reported 1.13% fall in its net profit at Rs 1616.40 crore for the quarter as compared to Rs 1634.80 crore for the same quarter in the previous year. However, total income of the company has increased by 13.67% at Rs 9926.40 crore for quarter under review as compared to Rs 8732.30 crore for the quarter ended September 30, 2012.