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Wipro (WIT -2.4%) slips following Infosys' (INFY -10.2%) revenue miss and guidance cut. Infosys'...
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Friday, October 12, 2012, 9:55 AM ETWipro (WIT -2.4%) slips following Infosys' (INFY -10.2%) revenue miss and guidance cut. Infosys' margin decline is stoking fears about the impact of rising wages on the Indian IT outsourcing space, and its soft deal activity also isn't going over well. Western peers such as IBM and Dell have also been seeing outsourcing demand slump, thanks to macro issues and the growing popularity of cloud services.
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