Wipro posts 41 percent net profit in Q3
Tuesday, 16 January 2007, 06:00 Hrs
Bangalore: Wipro Ltd has posted net profit of 7.65 billion ($172 million) for the third quarter (Oct-Dec) of the current fiscal (2006-07), registering year-on-year (YoY) growth of 41 percent. In a notification to the stock exchanges here, the company said its total revenues for the quarter under review (Q3) grew by 45 percent YoY to 39.79 billion under Indian GAAP (generally accepted accounting principles). Revenue from its global IT services and products division is 28.76 billion ($640.5 billion), registering YoY growth of 35 percent. Under the US GAAP, the net income grew by 40 percent YoY to $169 million and total revenues by 43 percent YoY to $899 million.