Wipro Goes Outside Outsourcing

India's biggest destination for U.S. offshoring is branching out by setting up global delivery centers and acquiring other businesses

Investors are used to good things from Wipro (WIT). One of India's premier outsourcing companies, the Bangalore giant has been on an impressive winning streak and in April reported a 44% increase in quarterly profits, to $205 million, on a 42% increase in sales. That's the seventh quarter in a row that Wipro has posted an earnings record.

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