No. 3 Indian software-services firm Wipro Ltd said on Wednesday it signed a multi-year outsourcing deal with British American Tobacco Plc,
the world’s second-biggest cigarette maker.
Wipro will help British American Tobacco’s application support services for global business operations, the company said in a statement. Financial details were not disclosed.
Last week Wipro beat estimates with a 19 percent rise in December quarter profit and projected growth as a global economic recovery boosts demand for outsourcing services and eases pressure on fees.
Wipro, the country’s No. 3 software services exporter behind Tata Consultancy Services and Infosys Technologies, added 4,855 employees during the December quarter, its biggest pace of staff addition in more than two years.
New York-listed Wipro expects its IT services revenue to rise 3.6-5.4 percent in January-March from the preceding quarter to $1.16-$1.18 billion, after it posted a 4.9 percent sequential rise in the latest quarter.
“We have seen a positive demand environment,” Chairman Azim Premji said in a statement.
“In 2010, we expect IT budgets to be flat to marginally positive,” he said. Shares in Wipro rose as much as 2.1 percent in opening deals to Rs 753, their highest since April 2000.
A global economy on the mend, recent deal wins, and stable prices have brightened the outlook for Indian IT companies such as Wipro, Tata Consultancy and Infosys, after the world recession put a lid on the sector’s scorching pace of growth.
Source:http://infotech.indiatimes.com/News-Software__Services-Wipro_bags_outsourcing_deal_from_BAT/articleshow/5505439.cms
