Q4: Wipro net profit surges 21 pc

Posted By: Staff
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Bangalore, Apr 23: IT giant Wipro has reported a 21 per cent surge in its net profit during the forth quarter (Q4) of the last fiscal.

India's thrid largest software services exporter's Q4 net profit came up at Rs 12.09 billion (Rs 1209 crore) accounting for a 20.77 per cent growth in consolidated net profit as against Rs 10.01 billion reported in the corresponding period of the previous year.

For the fiscal FY10, the company's net profit went up by a 18 per cent to Rs 4593 crore as against the FY09 profit.

Besides declaring the quarterly numbers, Wipro also announced the issue of bonus shares in the ratio of 2 additional shares for every three shares held, that is in 2:3 ratio.

A dividend of Rs 6 per equity share has been recommended.

Based in Bangalore, Wipro develops software applications, integrates IT systems and manages call centres. The leading software services provider also sells soaps and furniture.

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