IT
major Wipro on Wednesday reported a 7.7 percent increase in
consolidated net profit to Rs 1,480.9 crore for the quarter ended March
31.
The company had posted a net profit of Rs 1,375.4 crore during the January-March quarter in 2010-11, Wipro said in a presentation to the BSE.
The total income for the quarter rose 18.84 per cent to Rs 9,836.30 from Rs 8,276.3 crore in the year-ago period.
"Corporations generally are focused on leveraging technology to drive revenue and productivity. Our strategy is aligned to deliver value to our customers partnering with them on this journey," Wipro Chairman Azim Premji said in a statement.
For the year ended March, 2012, Wipro posted an increase of 5.1 per cent in its net profit to Rs 5.573 crore compared to Rs 5,297.7 crore in 2010-11 fiscal.
Total revenue of the company for 2011-12 increased 20.66 percent to Rs 37,404.4 crore compared to Rs 30,998 crore in the previous fiscal.
"Our focus on operations helped improve revenue productivity, and deliver strong cash flows in a volatile environment," Wipro Executive Director and Chief Financial Officer Suresh Senapaty said.
"We have delivered revenue in line with our guidance in an uncertain environment. Our restructuring journey began with us Putting the customer at the center of all our efforts," Wipro Executive Director and Chief Executive Officer for IT Business TK Kurien said.
Mr. Kurien added that the company has seen progress with customer satisfaction scores up in each of the last four quarters, and "we have created a good value for our customers, with seven customers contribute more than U.S. $ 100 million in revenue."
Wipro said, adding 41 new customers during the quarter and 173 new customers during the year.
The company said during the ongoing quarter (Q1, FY2012-13), expected revenues from IT services business to be in the range of USD 1,520 million to U.S. $ 1,550 million, assuming that exchange rates of the dollar will be at Rs 50.07.
The company made a certain change assumptions for other currencies as well as to make this projection.
Revenues during the quarter of IT products segment increased by 3 percent year-on-year (YoY) to Rs 937 crore (USD 184 million), Wipro said.
The IT products segment of the company registered a growth of 4 per cent YoY basis to Rs 3.844 crore (USD 755 million) for the year ended March, 2012, he added.
Actions of the company was being quoted at Rs 413.75, down 6.48 percent from the previous close in early trade on the BSE.
The company had posted a net profit of Rs 1,375.4 crore during the January-March quarter in 2010-11, Wipro said in a presentation to the BSE.
The total income for the quarter rose 18.84 per cent to Rs 9,836.30 from Rs 8,276.3 crore in the year-ago period.
"Corporations generally are focused on leveraging technology to drive revenue and productivity. Our strategy is aligned to deliver value to our customers partnering with them on this journey," Wipro Chairman Azim Premji said in a statement.
For the year ended March, 2012, Wipro posted an increase of 5.1 per cent in its net profit to Rs 5.573 crore compared to Rs 5,297.7 crore in 2010-11 fiscal.
Total revenue of the company for 2011-12 increased 20.66 percent to Rs 37,404.4 crore compared to Rs 30,998 crore in the previous fiscal.
"Our focus on operations helped improve revenue productivity, and deliver strong cash flows in a volatile environment," Wipro Executive Director and Chief Financial Officer Suresh Senapaty said.
"We have delivered revenue in line with our guidance in an uncertain environment. Our restructuring journey began with us Putting the customer at the center of all our efforts," Wipro Executive Director and Chief Executive Officer for IT Business TK Kurien said.
Mr. Kurien added that the company has seen progress with customer satisfaction scores up in each of the last four quarters, and "we have created a good value for our customers, with seven customers contribute more than U.S. $ 100 million in revenue."
Wipro said, adding 41 new customers during the quarter and 173 new customers during the year.
The company said during the ongoing quarter (Q1, FY2012-13), expected revenues from IT services business to be in the range of USD 1,520 million to U.S. $ 1,550 million, assuming that exchange rates of the dollar will be at Rs 50.07.
The company made a certain change assumptions for other currencies as well as to make this projection.
Revenues during the quarter of IT products segment increased by 3 percent year-on-year (YoY) to Rs 937 crore (USD 184 million), Wipro said.
The IT products segment of the company registered a growth of 4 per cent YoY basis to Rs 3.844 crore (USD 755 million) for the year ended March, 2012, he added.
Actions of the company was being quoted at Rs 413.75, down 6.48 percent from the previous close in early trade on the BSE.
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