Wipro Ltd, the country's third largest software exporter, today reported a consolidated net profit of Rs 3,283 crore for 2007-08.
BANGALORE: Wipro Ltd, the country's third largest software exporter, today reported a consolidated net profit of Rs 3,283 crore for 2007-08, 11.57 per cent more than the same period last year.
It had earned a consolidated net profit of Rs 2,942.3 crore for the year ended March 31, 2007.
Revenues jumped by 33 per cent year-on-year to Rs 19,957 crore, Azim Premji, Chairman of the Bangalore-headquartered company, told a press conference.
For the quarter ended March 31, 2008, the New York Stock Exchange-listed company earned 32 per cent higher revenues at Rs 5,700 crore, while net profit grew by three per cent to Rs 880 crore.
Wipro expects its combined IT service revenue to be approximately 1,060 million dollars for the quarter ending June 2008.
"During FY'08, we saw robust growth in all our key verticals and differentiated service lines. Both the Global IT and India, Middle East and Asia Pacific businesses leveraged on each other in delivering transformational solutions to our customers," Premji said.
Chief Financial Officer Suresh Senapaty said that during the fourth quarter, energy and utilities, financial services and retail grew ahead of the company average.
Wipro declared a final dividend of Rs 4 per equity share on shares of Rs 2 each (200 per cent). This, coupled with an interim dividend of Rs two per share, would take total dividend to 300 per cent at Rs six per share, company officials said.
On standalone basis, the company reported a net profit of Rs 827.3 crore for the quarter ended March 31, 2008 as against Rs 818.4 crore a year ago, the company told the Bombay Stock Exchange.
Total income increased to Rs 5,368.1 crore for the quarter from Rs 3,874.4 crore in the corresponding quarter last year.
For the financial year, on standalone basis the company reported a net profit of Rs 3,063.3 crore and a total income of Rs 17,819.5 crore.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}