India's Wipro sees profits rise
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Wipro, one of India's leading software exporters, reports a 60% rise in profit, topping market expectations.
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Telecommunications-equipment maker recorded its first annual profit fueled by rapid growth in its wireless telephone division. -The Washington Post
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The wireless-infrastructure leader is connected to a profitable future.
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Indian outsourcer Wipro follows Infosys, opens a facility in Mexico to better serve clients in North America and Latin America.
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Nextel Communications Inc., the wireless telephone service provider, reported a 69 percent increase in profits in the third quarter, thanks to continued customer growth as well as a one-time tax benefit, and boosted guidance for the year.
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Better margins yield much-improved earnings.
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Verizon Communications  said on Monday its quarterly profit rose and its wireless customer additions were ahead of analyst estimates.
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Revenue from cellular services is expected to jump by more than 18 percent each year for the next five years.
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(InfoWorld) - EMC Corp. will train more than 1,000 Wipro Ltd. staff in the use of its storage technologies as part of an alliance announced by the companies on Wednesday. EMC becomes the latest of several big technology vendors to partner with an Indian outsourcer to deliver services to customers worldwide. The partnerships take advantage of the low cost of providing services from India, as well as the considerable client base of Indian outsourcers. The partnership with Wipro, of Bangalore, is the first by EMC with an Indian outsourcing company. As part of the deal, the companies will also jointly market their products, with Wipro offering pre-sales, delivery and development services to customers. "Ours is a technology play, while Wipro's is a services play in this partnership," said Sanjay Mirchandani, EMC's senior vice president of emerging markets and international development. Besides the U.S. and Europe, the companies will target the growing Indian and Middle Eastern markets, where EMC sees a big opportunity for its products, and where both companies are already making significant investments, Mirchandani said. In March, EMC partnered with the Indian training company NIIT Ltd. to train storage professionals in 32 countries, including India. EMC has its own services organization, and Wipro and EMC are working out the details to avoid competition between their respective services divisions, Mirchandani said.
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Intel is hoping its investments in WiMax and Clearwire will ultimately pay off. The more demand for wireless computers, the more demand for Intel&#39;s microprocessors.
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Alltel Corp.  on Tuesday posted  better-than-expected profit and revenue as the rural wireless  provider attracted new subscribers, and shares rose more than 2  percent in early trading.
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Alltel, which has agreed to be bought by private equity investors, posted quarterly profit of $282.6 million as it added more wireless subscribers than expected.
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The wireless automation technology will see explosive growth over the next few years, a new study predicts.
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Verizon Communications , the  nation's biggest telephone company, on Tuesday reported  better-than-expected quarterly operating earnings on strong  growth in its wireless business.
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AT&T Inc  on Thursday posted a higher quarterly profit after better-than-expected wireless growth, sending its shares up almost 3 percent in pre-market trading.
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AT&T reported strong fourth-quarter earnings, with net income rising 63 percent, due in large part to the growth in wireless communications.
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While it has yet to turn a profit, Wall Street appeared optimistic about company's plan to build WiMax networks around the globe.