Jan 17, 2007

Wipro Q3 net surges 9.25% at Rs 765 cr

Wipro has come out its third quarter results of financial year 2007. The company posted net profit of Rs 765 crore (Rs 7.65 billion) in the third quarter versus Rs 700.2 crore (Rs 7 billion) in the previous quarter, up by 9.25%.

Its revenues was up 12.2% at Rs 3,979 crore (Rs 39.79 billion) from Rs 3,546.2 crore (Rs 35.46 billion) QoQ.

Its global IT revenues was up 5.69% to Rs 2875.5 crore (Rs 28.75 billion) from Rs 2720.5 crore (Rs 27.20 billion) QoQ.

The global IT margins stood at 24.2% for the December ended quarter versus 24.4% in the previous quarter. The company reported OPM at 23.55% versus 22.88%.

Wipro's Q3 results was above the street expectations.

The company's BPO revenues reported at Rs 235.8 crore (Rs 2.35 billion) in the third quarter as against Rs 229.9 crore (Rs 2.29 billion).

In the third quarter, Wipro added 37 clients versus 54 clients in the second quarter and 3500 employees added as against 5328 in the previous quarter.


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