- Q2 Profit INR9.78B v INR9.14Be
- Says the global economic environment has deteriorated "significantly"
- Says its outlook is cautious in the near term due to the economy.
- Says the decision making by clients is getting delayed.

Other headlines for [WIT]

• SAY Yesterday 00:48am
  Satyam Computer (ADR) Chairman Ramalinga Raju resigns following accounting scandal- Says that balance sheet carries overstated cash position of INR50.4B, with balance sheet balance of INR53.6B - Notes that is ready to more...
  
• INFY 1/4/2009 08:54pm
  Infosys Technology Ltd The company and Wipro were among the 6 Indian IT companies who received e-mail threats - Times of India- The emails threatened to blow up the buildings of the companies. - The threats are being more...
  
• 12/30/2008 01:09am
  As the global economy slows, companies are cutting their reliance on technology outsourcing - WSJ- According to data from outsourcing-advisory company TPI, the value of outsourcing deals signed in Q3 more...
  
• INFY 12/4/2008 00:51am
  Infosys Technology Ltd Implementing cost cutting steps to combat economic woes; no plans to cut jobs- Currency fluctuations are a challange; no impact from USD appreciation on net - Implemented a hiring freeze
  
• WIT 12/1/2008 02:30pm
  Wipro Ltd Co-CEO: Seeing a few order cancellations and delays, observing acquisition opportunities in current crisis
  

Technology sector headlines

• AMD Today 05:14pm
  Advanced Micro Devices Inc WSJ reports that the company plans to build a supercomputer to process and electronically distribute games- The supercomputer would end the need for specialized hardware and software; plans to more...
  
• WSCI Today 05:06pm
  WSI Industries, Inc. Reports Q1 $0.04 v $0.14 y/y, R $6.0M v $6.0M y/y
  
• TSRI Today 05:02pm
  TSR, Inc Reports Q2 $0.05 v $0.08 y/y; R$11.5M v $13.2M y/y
  
• ENPT Today 05:01pm
  En Pointe Technologies Receives Non-Compliance Letter From Nasdaq- Notice indicating that the Company is not in compliance because it did not file in its Annual Report on Form 10-K for the year ended September 30, 2008 a more...
  
• IN Today 04:48pm
  Intermec Inc Sees Q4 sales in lower end of guidance range of $220M-$230M v $226Me; cutting 150 jobs (7% of workforce)- to take charge of $9.8M-$10.8M