Wipro revenue crosses 4.3 billion USD, growth 43 pc

Mumbai, Apr 18 (UNI) Wipro today announced a 43 per cent growth in its IT business to peak 4.3 billion USD for fiscal 2008 with the profit after tax surging by 12 per cent to Rs 3283 crore.

The Company has a 33 per cent total revenue of Rs 19,957 crore, up by 33 per cent over the previous fiscal.

Commenting on performance Wipro Chairman Azim Premji Said, 2007-08 was an eventful year for Wipro, revenues for the combined IT business achieved USD 4.3 billion. For the quarter, Wipro recorded Revenues of USD 959.9 million which was ahead of the guidance of USD 955 million.

''During the year, we made our largest ever acquisition that further strengthened our position as the leader in Technology Infrastructure Services (TIS). We also made a large acquisition in the Consumer Care business. With industry leading organic growth rates and the acquisition, Consumer care business has reached a Revenue run rate in excess of USD 100 million pre quarter,'' he added.

He said the Company had won several large, integrated and transformational deals both in Global IT as well as in India, in our Sales footprint, 360 degree engagement model, MEGA/GAMA account strategy and Large Programmes team.

He also said the global economic outlook has changed significantly since the beginning of this calendar year. it posed challenges and at the same time, opens up newer opportunities.

''Given the uncertainty in the environmnet, we remain cautious but resilient. For the quarter ending June 2008, we expect our Combined IT Services Revenue to be approximately USD 1,060 million.

Corresponding base number for 04,08 and 01, 97 for the Combined IT Services business was USD 1,031.5 million and USD 779.1 million respectively.'' UNI VK GR SM1220