Wipro achieves a quarterly profit of 31 percent
July 24th, 2010 - 1:36 pm ICT by ANIBangalore, July 24 (ANI): Wipro, third-largest software provider has beaten expectations by posting a 31 percent rise in its quarterly profit.
“We had a strong quarter particularly in our after tax profit growth, our revenue grew by 16 percent and we had industry leading growths in profit after tax of 31 percent year on year,” said Chairman Azim Premji.
Azim Premji further noted that in spite of the Europe crisis, the company has witnessed a strong demand for their services.
“In spite of all the reading which we have been doing on the Europe crisis, we are still finding demand is strong. It doesn’t seem to have been in any way significantly affected over the past three months and traction is good both in Europe, in America, in Asia Pacific and of course in India and Middle East,” he added.
Wipro shares rose to Rs 433 before ending lower at Rs 412 on the Bombay Stock Exchange on Friday. (ANI)
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- No impact of uncertainty on IT business: Premji (Lead) - Jul 20, 2011
- Wipro net up 31 percent, ups IT revenue guidance (Lead) - Jul 23, 2010
- Global uncertainty not affecting IT industry: Premji (Second Lead) - Jan 20, 2012
- Wipro outlook cautious on flat growth (Lead) - Apr 25, 2012
- Premji admits Wipro underperformed in Q3, eyes $1.4 bn in Q4 (Second Lead) - Jan 21, 2011
- Wipro admits to performing lower than industry peers (Second Lead) - Oct 22, 2010
- Wage hike dips Wipro net, projects flat growth - Jul 20, 2011
- Wipro net profit up 21 percent, projects higher IT revenue (Lead) - Jan 20, 2010
- Wipro investing heavily for next growth wave: Premji - Apr 27, 2011
- Wipro forecasts $1.4 billion IT revenue in Q4 (Lead) - Jan 21, 2011
- Wipro sees higher IT revenue in Q3 on strong growth - Oct 22, 2010
- Wipro projects higher IT revenue on strong growth (Lead) - Apr 23, 2010
- Wipro net up for quarter, fiscal; sees flat IT growth (Lead) - Apr 27, 2011
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