Wipro to hike salaries as business outlook brightens
21 Jan 2010
Wipro, India's third largest software exporter, said it would hike salaries across the board this quarter, but did not indicate the amount.
According to Pratik Kumar, corporate vice president, human resources, the salary hike would be given out in February and added that the hike would be as per industry standards.
Wipro beat estimates with a 19 per cent rise in December quarter profit and projected growth as a global economic recovery boosts demand for outsourcing services and eases pressure on fees.
The New York-listed company expects its IT services revenue in January-March to rise to $1.16-$1.18 billion up 3.6-5.4 per cent from the preceding quarter, after it posted a sequential rise in the latest quarter.
The company also said it would hire people from campuses with 7,500 people hired previously expected to join in Q4 and early next quarter.
Tata Consultancy Services also announced last week that it expected to hke wages in the 2011 financial year.