Wipro sees stability in pricing

Wipro,India’s third-largest software services exporter,is seeing stability in pricing for the remaining quarters of this fiscal year on the back of an improvement in overall outsourcing business momentum.

The company has seen stability in the financial services sector,but telecom and technology sectors continue to remain weak,Chief Financial Officer Suresh Senapaty told reporters.

“It is improving but can’t say it is done,” he said,referring to the business environment.

Earlier,Wipro posted a 13 per cent rise in quarterly profit,beating forecasts,but joined its bigger rivals in giving a cautious forecast due to uncertainty in the global economy.