July 30, 2009, 12:00 AM

I.T. infrastructure company Wipro posts record growth in Q1 income

Wipro Ltd., a provider of I.T. infrastructure and services for multichannel retailers and other businesses, posted record 13% year-over-year growth in Q1 net income, as revenue rose 5% to $1.31 billion.

Paul Demery

Managing Editor, B2B E-commerce

Wipro Ltd., a global provider of I.T. infrastructure and services for multichannel retailers and other businesses, posted record 13% year-over-year growth in first quarter net income, as revenue rose 5% to 63.87 billion Indian Rupees (US$1.32 billion) the company says.

“We are starting to see the first signs of stability in the business as ramp downs start to taper off and volumes start to stabilize,” chairman Azim Premji says.

For the first quarter ended June 30, it reported:

  • Q1 revenue rose 5% to 63.87 Indian Rupees (US$1.32 billion), up from 60.42 Indian Rupees (US$1.25 billion) a year ago.
  • Net income rose 13% to 8.95 billion Indian Rupees (US$185.0 million), up from 10.10 billion Indian Rupees (US$208 million) a year ago.



 

Bangalore, India-based Wipro had more than 98,000 employees as of June 30. It maintains its main U.S. office in East Brunswick, NJ.

 

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Seth Barnes / BLOG_ROOT

Commissions are for closers

A Savings.com executive responds to an Internet Retailer article describing a web merchant’s decision to ...

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

Advertisement