Wipro Results For Q4 Declared

By Sayantika Ghosh, Gaea News Network
Friday, April 23, 2010

WIPRO

BANGALORE, INDIA (GaeaTimes.com)-Wipro Results for the 4th Fiscal quarter has been announced by the company. The Wipro results were announced in accordance to the IFRS (International Financial Reporting Standards) for the quarter ending March 31, 2010. Reportedly, Wipro happens to be one of the largest software service export company 0f India, The Wipro Results for FY 2010 (Financial Year 2010) witnessed steady increment by 18% which sums to a whopping Rs.4593 crore. Reportedly, Wipro Results for the last year was recorded as a net return of 10.01 billion.

What’s evident from Wipro Results is that the IT Services Revenue in accordance to the constant currency amounting to $1,180 million. The Wipro Results also included a slow and gradual 4.7% sequential in accordance to the increment in the currency revenue which was recorded as 7.8%. The Wipro Results depicted the total revenue earning to be Rs. 69.83 billion which is a smart increment from last year by a rate of 8%. Net Income as announced in the Wipro Results was $269 million which is in accordance to Generally Accepted Accounting Principles (GAAP). The reports indicates that there has been an increment in the Net Income by a rate of 21%.
The IT Services Earnings much ahead of the EBIT (Earnings before interest and taxes ) was announced to be $283 million which is again a smart rise to the last year results by an increment of 20%. Reportedly, Wipro Results told that they have added to their IT services list 27 more clients in the current quarter. The Wipro Results also said that the company has recruited a total of 5,325 employees during the current quarter. Following that it has also witnessed a growth of 27% under the Consumer Care and Lighting Revenue as compared with the earnings from the last quarter.

Filed under: Business

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