By IANS
Bangalore : Wipro Ltd posted net profit of Rs.8.24 billion in the second quarter (July-Sep) of this fiscal (2007-08), registering 18 percent year-on-year (YoY) growth over the same period last fiscal at Rs.7 billion under the Indian GAAP.
According to the company’s notification to the stock exchanges here Friday, the IT bellwether’s consolidated revenue grew by 35 percent YoY to Rs.47.85 billion during the quarter under review (Q2) from Rs.35.46 billion in the corresponding period a year ago under the Indian GAAP.
Revenue from its flagship global IT services and products increased by 19 percent YoY in rupee terms to Rs.32.5 billion from Rs.27.21 billion a year ago and by 10 percent sequentially from the last quarter (April-June).
Under the US GAAP, the net income grew by 17 percent YoY to $204 million and total revenue by 35 percent YoY to $1.19 billion.
Revenue from global IT division increased by 19 percent YoY to $797 million, exceeding the guidance of $777 million given at the beginning of the second quarter.