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Wipro quarterly net profit: up by 15 percent

Wednesday, April 22, 2009 (10:43:45) Bangalore: Wipro Limited posted a net profit of Rs.10.1 billion (Rs.1,010 crore) for the fourth quarter (January-March) of fiscal year 2008-09, registering 15 percent year-on-year (YoY) growth under the Indian accounting standard. In a regulatory filing, the IT bellwether said today that its consolidated revenues for the quarter under review (Q4) of FY 2009 rose to Rs.64.52 billion (Rs.6,452 crore), posting YoY growth of 13 percent under the Indian accounting standard. Under the US accounting standard, net income for Q4 was $178 million and revenue $1.3 billion. Revenue from global IT services for the quarter is $1.05 billion, a marginal increase of 1.4 percent YoY but a decline of 4.9 percent sequentially from the previous or third quarter (October-December) of $1.10 billion. (IANS)