Wednesday, October 18, 2006

Wipro Q2 net profit rises 46 p.c.

The net profit of Wipro for the second quarter (July-September) rose by 46 per cent to Rs. 700.20 crore from Rs. 478 crore in the same period a year earlier in a booming global outsourcing market. The consolidated revenues of Wipro for the second quarter went up by 41 per cent to Rs. 3,546.20 crore from Rs. 2,506.80 crore a year ago, as it added 54 new clients that included Global 500 or Fortune 1000 clients.

The third largest software exporter, thus, earned $589 million from global IT services and products during the second quarter, surpassing its own guidance of $577 million.

Wipro Technologies contributed higher to the volume growth in the second quarter by garnering revenues of Rs. 2,720.50 crore, 44 per cent more than a year ago period.

Revenues of Wipro Infotech grew by 36 per cent to Rs. 542.60 crore, while that of Wipro Consumer Care and Lighting rose by 41 per cent to Rs. 202.50 crore.More>>