Wipro reports 7.7 pc jumps in PAT in Q 4

BANGALORE: IT major
Wipro reported today a 7.7
percent increase in consolidated
net profi t at Rs 1,480.9
crore for the fourth quarter
ended March 31 with the total
income up by 18.84 per
cent at Rs 9,836.30 crore.
The company had posted a
net profi t of Rs 1,375.4 crore
during the January-March
quarter in 2010-11 with the
top line last year being Rs
8,276.3 crore.
For the year ended March,
2012, Wipro posted an increase
of 5.1 per cent in its
net profi t to Rs 5,573 crore
compared to Rs 5,297.7
crore in the 2010-11 fi scal
with the revenues up by
20.66 per cent at Rs 37,404.4
crore as against Rs 30,998
crore in the previous fi scal.
Wipro Chairman Azim
Premji, commenting on the
results, said ‘Corporations
globally are focused on leveraging
technology to drive
revenues and productivity.
Our strategy is aligned to deliver
value to our customers
by partnering with them in
this journey.’
‘Our focus on operations
helped improve revenue productivity
and deliver strong
cash fl ows in a volatile environment,’
Wipro Executive
Director and Chief Financial
Offi cer Suresh Senapaty
said.
Wipro said the current
quarter of fi scal 2013 should
see the revenue earnings
from IT services business
range between USD 1,520
million and USD 1,550
million, assuming that exchange
rates of the dollar
will be at Rs 50.07.
“We have delivered revenues
in line with our guidance
in an uncertain environment.
Our restructuring
journey started with us positioning
the customer at the
centre of all our efforts,”
Wipro Executive Director
and Chief Executive Offi cer
for IT Business T K Kurien
said.
He said the company had
seen progress with customer
satisfaction scores going up
in each of the last four quarters
and “we have created
better value for our clients,
with seven customers contributing
more than USD
100 million in revenues.”
Wipro said it added 41
new customers during the
quarter and 173 new customers
during the year.
Revenues during the quarter
from IT products segment
increased by three per
cent year-on-year (YoY)
to Rs 937 crore (USD 184
million), Wipro said. The
IT products segment of
the company recorded an
increase of four per cent
YoY basis to Rs 3,844 crore
(USD 755 million) for the
year ended March, 2012, it
added.