Wipro net up 15 percent for fiscal 2010-11

By IANS,

Bangalore : Wipro posted net profit of Rs.5,298 crore (Rs.5.3 billion) for fiscal 2010-11, registering a growth of 15 percent year-on-year (YoY).

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In a regulatory filing Wednesday, the IT bellwether said total revenue for the fiscal under review (FY 2011) was Rs.31,099 crore (Rs.311 billion), an increase of 15 percent YoY.

Under the International Financial Reporting Standards (IFRS), net income for FY 2011 was $1.2 billion and total revenue was $6.98 billion.

Revenue from global IT services business for FY 2011 was Rs.23,485 crore (Rs.23.49 billion), up 16 percent YoY.

Under IFRS, revenue for FY 2011 from IT services was $5.27 billion.