Feeds

Full-year profits up 58% at Wipro

Out-sourcery

  • alert
  • submit to reddit

Intelligent flash storage arrays

Wipro, the Indian outsourcing firm, has announced revenue of $378m for the quarter ending 31 March, up 31 per cent over last year. Net income for the quarter also gained substantially, hitting $102m, up from $74.3m a year ago.

The Bangalore-based company said full year revenue reached $1.87bn, a rise of 39 per cent on the year before, and net income rose by 58 per cent to $363m in the period.

Azim Premji, chairman of Wipro, commented: "Considering the emerging opportunities in the Global market and our unique business model, the future outlook looks as exciting as the journey has been so far."

The company said its outlook for the next quarter was positive, and that it expected revenue would rise five per cent from the March quarter to $395m in the quarter ending June 2005.

The company does face some challenges in the next few months, including managing its salary bill, a high staff turnover rate and dealing with a stronger-than-usual Rupee. ®

Related stories

Infosys reports red-hot Q4 results
Bomb scare targets Indian software firms
Shell's IT department off to India

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.