Q3: Wipro net profit up 21 pc at Rs 1,217 crore

Mumbai, Jan 20: Wipro Ltd on Wednesday, Jan 20, reported a 21.26 pc growth in the net profit at Rs 1,217.4 crore during the third quarter ended Dec 31, 2010.

The company in a filing to the Bombay Stock Exchange said, "Total income rose to Rs 7,055.8 crore during the Dec quarter of FY'10 from Rs 6,773 crore in the same period previous fiscal."

The company's IT services business added 31 new clients during the quarter.

Wipro executive director and Chief Financial Officer Suresh Senapaty said, "We reported another strong quarter driven by significant uptick in volumes. We have maintained margins despite a decrease in our rate realisation and a strong appreciation of the rupee."

At the end of Dec 2009, the IT business increased its headcount by 4,855, taking the total employee strength to 1,02,746.

"We have seen a positive demand environment which has driven broad-based sequential growth across all our verticals, service lines and geographies. In 2010, we expect IT budgets to be flat to marginally positive," Wipro chairman Azim Premji said.

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