Wipro's combined IT businesses surpass $2 billion landmark

Source: NSE

Wipro’s Revenues cross Rs. lO0 billion mark; Revenues from combined IT businesses surpass $2 billion landmark

Highlights
Results for the year ended March 31, 2006
• Wipro Limited Revenues increased by 30% to Re. 106.26 billion (Rs. 10,626 Crores)
• ProfitAfterTaxgrewby 27% toRe, 20.7 billion (Rs.2,067 Crores)
• Revenues from our combined IT business crossed $2 billion landmark; Global IT business Revenues grew 3Y/0 while Revenues from our India, Middle East and Asia Pacific business grew 22%
• Employee strength in Global IT business crosses 50,000
• Board of Directors recommends a cash dividend of Rs. 5 per sharaIADS, subject to shareholder approval in the Annual General Meeting scheduled in July 2006
Results for the Quarter ended March 31,2006
• Wipro Limited Profit After Tax grew by 43% year on year to Rs. 6.18 billion (Rs. 618 Crores), Revenue increased by 35% yoy to Rs. 31.13 billion (Rs. 3,113 Crores);
• Global IT Services & Products Revenue was Rs. 23.17 billion (Rs. 2,317 Crores), a 41% increase year on year (yoy)
• Global IT Services & Products Profit before Interest and Tax (PBIT) was Rs. 581 bIllion (Rs. 581 Crores); Operating Margin was 251%. an expansion of approximately 30 basis points over quarter ended December 31, 2005
• Technology Business in Global IT Services segment crossed landmark of $500 million annual Revenues
• Global IT ServIces & Products added42 new clients in the quarter.
• Wipro’s India, Middle East & Asia Pac business records 36% growth in PBIT yoy; Revenue grew 18%

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