Wipro net jumps 39 percent in fourth quarter
Apr 20, 2007 - 9:24:59 AM
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The company's flagship division IT global services and products contributed Rs.30.48 billion to the total revenue, reflecting an increase of 32 percent YoY, with a profit-before-tax - of Rs.7.32 billion, up by 26 percent YoY, under the Indian GAAP.
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By IANS,
[RxPG] Bangalore, April 20 - IT bellwether Wipro Ltd posted net profit of Rs.8.56 billion for the fourth quarter - of fiscal 2006-07, registering a 39 percent growth over the same period last year.
In a notification to the stock exchanges here Friday, the company said the consolidated revenue for the quarter under review - was Rs.43.33 billion, posting 39 percent year-on-year - growth under the Indian Generally Accepted Accounting Principles -.
Under the US GAAP, the net income grew by 44 percent YoY to $200 million and total revenue to $1 billion, an increase of 42 percent YoY.
The company's flagship division IT global services and products contributed Rs.30.48 billion to the total revenue, reflecting an increase of 32 percent YoY, with a profit-before-tax - of Rs.7.32 billion, up by 26 percent YoY, under the Indian GAAP.
Under the US GAAP, the revenue from its IT business was $706 million, exceeding its guidance figure of $685 million and representing an increase of 32 percent YoY.
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