India's Top Four IT Firms Record Massive Growth Of $8 Billion



Wipro:

Azim Premji-led Wipro, which posted slowest sequential growth in revenues in the quarter ended March 31 among the four companies, also managed to end the fiscal with cash and cash equivalents of $1.56 billion.

Wipro reported 16.73 percent increase in net profit to Rs 1,728.7 crore for the fourth quarter ended March 31, 2013. The consolidated total income of the company rose by 13 percent to Rs 9,613.1 crore for the period, as against Rs 8,506.1 crore in the same period of 2011-12 fiscal.

 

HCL Technologies:

India’s fourth largest IT firm ended with cash and cash equivalents, (including deposits) of $762 million, a sharp rise from $398 million at the end of March, 2012.

The quarterly profits rose with 73 percent as the net profit shot up to a massive 10.4 billion ($193 million) which is great when compared from 6 billion in the year-earlier period. Revenues of the company stood at Rs 6,425 crore, a 23.2 percent uptake from the same quarter the previous year.

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