Wipro Limited announces results for fourth quarter and year ended March 31, 2010
Results for the quarter and year ended March 31, 2010 under IFRS. Wipro Records 21% YoY Growth in Profit After Tax in Q4 FY10. Board of Directors recommends final dividend of Rs 6 per share and a Bonus Issue of 2:3
Bangalore, India and East Brunswick, New Jersey, USA – April 23, 2010 — Wipro Limited (NYSE:WIT) today announced financial results under International Financial Reporting Standards (IFRS) for its fourth fiscal quarter and year ended March 31, 2010.
Highlights of the Results: Results for the Quarter ended March 31, 2010
Ø IT Services Revenue in constant currency was $1,180 million, with a sequential increase of 4.7%. On a
YoY basis, the constant currency revenue increase was 7.8%.
Ø Total Revenues were Rs. 69.83 billion ($1.55 billion1), representing an increase of 8% over the same
period last year.
Ø IT Services Revenue in dollar terms was $1,166 million, a sequential increase of 3.5% and YoY
increase of 11.5%.
Ø Net Income was Rs. 12.09 billion ($269 million1) on a GAAP basis, representing an increase of 21%
over the same period last year.
Ø Non-GAAP Adjusted Net Income (excluding impact of accelerated amortization of stock based
compensation) was Rs. 12.12 billion ($270 million1), representing an increase of 21% over the same
period last year.
Ø IT Services Revenues were Rs. 52.60 billion ($1,170 million1), representing an increase of 7% over
the same period last year.
Ø IT Services Earnings Before Interest and Tax (EBIT) was Rs. 12.72 billion ($283 million1),
representing an increase of 20% over the same period last year.
Ø IT Services added 27 new clients in the quarter.
Ø Net addition of 5,325 employees in the current quarter.
Ø Local Nationals overseas have increased by 10% to 39% over the same period last year..
Ø IT Products recorded a 2% growth in Revenues over the same period last year.
Ø Consumer Care and Lighting Revenue grew 27% over the same period last year and EBIT grew 16%
