Wipro's margins seen improving after non-IT units demerger-CFO

Thu Nov 1, 2012 3:21am EDT

Nov 1 (Reuters) - Profit margins at Wipro Ltd, India's No.3 software services provider, are expected to improve after it separates its non-IT businesses, the company's Chief Financial Officer Suresh Senapaty said on Thursday.

Earlier the company said it will fold all its non-IT businesses into a new company and focus exclusively on information technology, sparking a more than 3 percent rally in its shares in Mumbai.

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