Strong profits at India's Wipro

Wipro is based in the technology centre of Bangalore

Indian third-largest outsourcing firm, Wipro, has reported quarterly profits 12.8% higher than a year ago, helped by cost-cutting measures.

Net income for the quarter to July was 10.1bn rupees ($210m; £128m), said Wipro, whose clients include Citigroup, Credit Suisse, and Cisco.

Wipro offers IT services such as system integration, software development and back-office operations.

In January the firm had said it faced a "tough year" in the economic slowdown.

It has repeated its cautious outlook for the rest of 2009 because of uncertainty about the strength of the global economy.

However, shares in Wipro - which employs more than 90,000 people worldwide - were up 0.7% at 461 rupees after its results announcement.