India Companies
Acquisition Machine
Wipro
India’s third-biggest software company and IT consulting firm is on an earnings tear, with fourth-quarter profits up 40% to $169 million. Last year, Wipro spent more than $250 million on acquisitions at home and in foreign markets such as Sweden and Finland, and the company’s billionaire chairman, Azim Premji, says he wants to do bigger deals in the years ahead to boost economies of scale and to lower costs.
One-Year Total Return: 26.26%
Corporate Snapshot: href="http://stockmarket.businessweek.com/stocks/quote.html?NOTATION=291949" , target="_blank">stockmarket.businessweek.com
Site: www.wipro.com
