Wipro records 45% growth in Revenues; Profits grow 41%

Bangalore, Jan 17 (UNI) Recording another robust performance Wipro Limited today announced 45 per cent year on year growth in its revenue for the third quarter of the current fiscal at Rs,3979 crore with profits surging by 41 per cent at Rs.765 crore.

Commenting on the performance wipro Chairman Azim Premji said "We have had another satisfying quarter. Our global IT business delivered good volume growth primarily driven by robust performance of our Energy and Utilities Vertical, Technology Infrastructure Services and Enterprise Application Services.

He added ''Continuing their good momentum, our Financial Services and Retail businesses delivered more than 50 per cent YOY growth.

Manufacturing Vertical and Europe geography posted growth-rates ahead of the Company average''.

On the operations front he said Wipro had brought down the attrition rates in both the IT and BPO businesses.

On the outlook for the last quarter he said '' we expect Revenue from our Global IT Services and Products business to be pproximately us dollars 685 million''.

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