Wipro today reported 2.1 per cent rise in fourth quarter net profit to Rs 2,286.5 crore, while it elevated founder Azim Premji's son Rishad Premji...
Country’s third largest software services firm Wipro today reported 2.1 per cent rise in fourth quarter net profit to Rs 2,286.5 crore, while it elevated founder Azim Premji’s son Rishad to the board.
The company had a net profit of Rs 2,239.1 crore in the quarter ended March 31, 2014.
Its revenue grew by 3.9 per cent to Rs 12,171.4 crore in the January-March quarter of 2014-15, from Rs 11,703.6 crore in the year-ago period.
The city-based firm also announced appointment of Rishad Premji, the son of Wipro founder and Chairman Azim Premji, to the company board.
Revenues from its IT services business increased 6 per cent year-on-year to Rs 11,240 crore (up 3.2 per cent to USD 1.77 billion) in the reported quarter.
The company has forecast its IT services revenues for the April-June 2015 quarter to be in the range of USD 1.76 billion to USD 1.79 billion.
For the year ended March 31, 2015, Wipro’s net profit increased 11.03 per cent to Rs 8,705.9 crore, while revenues were up 8.14 per cent to Rs 47,318 crore.