Wipro Net Profit Up By 7.7% At Q4

Indian IT giant Wipro has posted 7.7% growth in net profit at Rs 1,480.9 crore at quarter four ended March 31 against Rs 1,375.4 crore at the same period last year. The total income during the quarter four increase up to 18.84% to Rs 9,836.30 from Rs 8,276.3 crore last year.

Wipro had added 41 new customers during Q4 to take the figure to 173 new customers in the year 2011-12.

“Corporations globally are focused on leveraging technology to drive revenues and productivity. Our strategy is aligned to deliver value to our customers by partnering with them in this journey,” Wipro Chairman Azim Premji said in a statement.

“Our focus on operations helped improve revenue productivity and deliver strong cash flows in a volatile environment,” Wipro executive director and CFO Suresh Senapaty told PTI.

“We have delivered revenues in line with our guidance in an uncertain environment. Our restructuring journey started with us positioning the customer at the center of all our efforts,” Wipro executive director and CEO for IT Business, T K Kurien told PTI.

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