Wipro wins $70 m. contract from telecom firm

BANGALORE: Indian software services giant Wipro Ltd. has won a $70 million

contract from a telecom firm, a company spokeswoman said on Friday.

A company statement later said the contract was for a telecom subsidiary of

UK-based utility Lattice Group Plc. The statement quoted chairman Azim Premji as

saying the project will generate revenue in excess of $30 million in the current

financial year, though largely in the October-March second half.

"Looking ahead, we currently believe that we will continue to grow ahead

of the industry growth rates," he said. "With the Lattice group

project win, we expect our growth to increase in the second half of this fiscal

year," he said.

Wipro earlier announced net profit increased 97 per cent in April-June from a

year earlier to Rs 2.14 billion. The results came before market hours. On

Thursday, Wipro's shares fell 1.06 per cent to Rs 1,365.20.

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