Suresh Senapaty, chief financial officer of Wipro, said, "During the quarter ended March 08, energy & utilities, financial services and retail grew ahead of company average.
"Our differentiated service lines of TIS, testing and BPO continue to power our growth.
"Our investments in Europe have yielded good results with superior growth rates.
"We are seeing good traction in our Infocrossing business which is reflected in the top line as well as bottom line growth.
"We gave salary hikes to our onsite employees which had an impact of 100 basis points on our margins.
"We improved utilisation, margin expansion in acquisitions and other operating parameters, which significantly offset the adverse impact of onsite salary increase."
Image: Suresh Senapaty, corporate executive vice president (finance) and chief financial officer, Wipro | Photograph: Courtesy, Wipro
Also read: It's not cricket, stupid! It's business!
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