Thursday, March 22, 2012

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Wipro Technologies eyes $3.5-billion services deals

Information technology services provider Wipro Technologies is pursuing contracts worth around $3.5 billion, senior management of the company told investors during a recent road show in Europe.

The Bangalore-based company is pursuing 15 $100-million deals and another 40 deals worth at least $50 million each.

Selective disclosure to groups of investors is seen a pro-active effort by firm, which underwent a management restructuring almost a year ago, to instill confidence among the investors community.

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