India's Wipro exec sees no impact from Satyam fraud

Published: 20 Jan 2009 23:48:42 PST

BANGALORE, Jan 21 - Wipro Ltd <WIPR.BO>, India's No. 3 software services exporter, sees no pressure on business because of the recent fraud revelations by its peer Satyam Computer Services <SATY.BO>, its chief financial officer said on Wednesday.

Suresh Senapaty said Wipro's IT services margin in the December quarter was 20 percent, while average pricing in the period rose 120 basis points from July-September on constant currency terms.

Wipro earlier said its net profit rose 8.7 percent to 8.98 billion rupees ($183 million) in October-December, meeting forecasts and up from 8.26 billion rupees a year ago. ($1=49.2 rupees)