Wipro net profit up 18 percent in third quarterBy IANS
Tuesday, January 20, 2009
BANGALORE - Wipro Ltd has posted a net profit of Rs.10.04 billion (Rs.1,004 crore/$204 million) for the third quarter (October-December) of this fiscal (2008-09), registering 18 percent year-on-year (YoY) growth under the Indian accounting system.
In regulatory filing Wednesday, the IT bellwether said its consolidated revenues for the quarter under review (Q3) was Rs.66.18 billion (Rs.6,618 crore), posting 25 percent YoY growth.
Under the American accounting system (US GAAP), net income grew by nine percent YoY to $185 million and total revenue by 25 percent to $1.35 billion for the third quarter.