Feeds

Full-year profits up 58% at Wipro

Out-sourcery

  • alert
  • submit to reddit

High performance access to file storage

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

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.