Wednesday, January 20, 2010

Wipro Q3 FY10 net profit up 5% QoQ

IT services company Wipro has reported a 4.7% increase in net profit for the third quarter ended December 31, 2009, Rs 1217 crore from the previous quarter.

Quicktakes

IT services revenues up 5.7% at $ 1126 mn (qoq)
IT service Re revenue up 3.4% at Rs 5164 cr
Cons net revenues up 0.7% at Rs 6966 cr (QoQ)
31 new clients added, 4855 employees added in Q3
Standalone net profit at Rs 1230 cr
Standalone net sales at Rs 5890 cr
IT product revenue up 20% at Rs 1002 (YoY)
PBIT of IT services at 23.76%

Q4 guidance  

Revenue seen between $1.16 and 1.18 bn  
Revenue guidance implies growth of 3.11%-5.06%

Source & Full Article BloombergUTV

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