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Wipro Q4 net profit at Rs 880cr
April 18, 2008
Results for the year ended March 31, 2008
Revenue grew by 33% to Rs 19,957 cr (Rs 200 bn)
Profit after tax (PAT) grew by 12% to Rs 3,283 cr (Rs 32.83 bn)
Revenues of the combined IT businesses was $4.3 billion with 43% YoY growth
Revenue of Wipro's Global IT Business in dollar terms was $3.39 billion, a YoY growth of 38%. In rupee terms,
revenue stood at (Rs 13,642 cr), a YoY growth of 23%; profit before interest & tax (PBIT) grew by 9% to Rs 2,940 cr (Rs. 29.40 billion)
The technology business in global IT services segment crossed a landmark of $1 billion of annual revenue
and business from the Americas and Europe crossed $2 billion and $1 billion respectively
Revenue from India, Middle East and Asia Pacific business grew by 51% to Rs 3,746 crores (Rs 37.46 bn); PBIT grew by 46% to Rs 312 cr (Rs 3.12 bn)
Wipro Consumer Care and Lighting business including acquisition of Unza grew its revenue 86% YoY and PBIT
89% YoY
Santoor is now No. 3 brand in toilet soap category in India, in value terms
Fresh restricted stock award granted for employees effective 1st April as part of long-term talent retention
strategy
Board of directors recommends a final cash dividend of Rs 4 per share/ADS, subject to shareholder approval in
the Annual General Meeting scheduled in July 2008. This, coupled with interim dividend of Rs 2 per share, will
take total dividend to 300% at Rs 6 per share
Image: Wipro campus. | Photograph: Courtesy, Wipro
Also read: How to achieve financial nirvana in 5 steps
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