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Wipro profit up 18 percent on strong demand

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MUMBAI, India (AP) — Wipro reported an 18 percent rise in December quarter profits Friday, beating expectations as global cost-cutting drives global businesses to Indian outsourcing companies. India's third-largest outsourcer said it earned 17.2 billion rupees ($313 million) in the October to December quarter on revenue of 110.3 billion rupees ($2.0 billion), a rise of 10 percent from a year...

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