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.

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. ®

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