WIPRO TECHNOLOGIES
Wipro is sanguine about pricing being stable. The company’s integrated service model and account management ability should help it to tide over the medium term uncertainty in the demand environment. It has shown an in-line operating performance. With the acquisition of Citi Technology Services for an all-cash consideration of $127mn, it can leverage for other customers in financial services vertical.
INFOSYS TECHNOLOGIES
According to the management, a few competitors of Infosys Technologies are turning aggressive on pricing but the pricing is stable for Infosys as yet. However, Infosys may have to cut prices. It has won two deals during 3QFY09. We expect the company to achieve a volume growth of 17.5% in FY09 and continue to rate Infosys as our top pick in the sector.
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