India Outsourcers Say Salaries Will Rise

Warnings about rising pay have tempered a strong set of financial results from India's leading IT companies

Wipro this week beat market predictions with a 44 per cent rise in quarterly profits to US$131.5 million for the three months ended 30 June but its shares dropped by 5.5 per cent after it warned wage rises will hit its 24.6 per cent operating margin by 1.5 per cent in the next quarter.

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