Wipro has announced its second quarter results ending September 30th with strong results.

The IT outsourcing services giant posted 28 per cent year-on-year net income growth, with net revenues from operations of $309 million, an increase of 28 per cent year-on-year.

Suresh Senapaty, Executive Director & Chief Financial Officer of Wipro, said: “Our sustained execution towards increasing operational efficiencies in the business coupled with currency benefits helped offset the impact of wage hikes resulting in strong improvements in operating margins.”

Azim Premji, Chairman, Wipro stated that the results “are positive indicators on the global economy. Client confidence is on the uptick and we see it reflected in our results.”

The strong results follows similar reports from other Indian based outsourcing companies, reflecting the strong growth that the services industry is currently enjoying.

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