Wipro, which provides outsourcing services for big-name clients such as U.S. bank Citigroup, posted an 8% increase in second-quarter net profit, narrowly missing expectations. It said it continued to face "headwinds" in key accounts, particularly European clients.
But chief executive TK Kurien, appointed in 2011 to turn around the technology firm, said there were improvements ahead as discretionary spending returns in North America.
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