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Wipro Ltd. Message Board

  • kumar94539 kumar94539 Dec 30, 2011 3:29 PM Flag

    Wipro - expecting strong earnings

    Hi Guys:

    Its time to make good money on wipro just like Infosys.

    Primary reason - the USD has gained 20% or more in last 8-10 weeks over Indian Rupees.

    Billing by Wipro or Infosys is mostly in DOllar Terms
    Payments to employees (which is about 50% of total cost of operations) is in Indian Rupees.

    Also all associated expenses like rent, insurance, power, transport, food, facilities etc., is in Indian rupees.

    Finally adjustment to salaries occurs in April 2012 so enjoy the gains till March 2012.

    Look forward to a solid earnings and strong projection for next quarter.

    Infosys stock will cross $65 after Jan 12th, post earnings report

    Wipro will cross $13.00 along with Infosys

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