Wipro net up 41 percent in Q4
Posted on Apr 17 2014 | IANS
Bangalore, April 17 : India's third largest software exporter Wipro Ltd has reported net profit of Rs.2,230 crore for fourth quarter (January-March) of fiscal 2013-14, registering an increase of 41 percent year-on-year (YoY) as per Indian accounting standard.
In a regulatory filing to stock exchanges Thursday, the IT bellwether said revenue for the quarter under review grew 22 percent YoY to Rs.11,700 crore, as per Indian accounting standard.
Revenue from its flagship IT services business at USD 1.72 billion was up 8.5 percent YoY and 2.5 percent sequentially.
Eevenue from IT services is Rs.10,620 crore, an increase of 24 percent YoY.
Under the International Financial Reporting Standard (IFRS), net income for fourth quarter is USD 371 million and revenue USD 2 billion.