Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services company globally. Wipro’s IT Services business was assessed at Level 5 for CMMI V 1.2 across Offshore and Onsite development centers. Wipro’s American Depositary Shares (ADSs) are listed on the New York Stock Exchange, and our equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
Highlights of the Results:
Results for the Quarter ended June 30, 2010
•IT Services Revenue on a Non-GAAP constant currency was $1,218 million, with a sequential increase of 4.4%. On a YoY basis, the increase in IT Services Revenue on a Non-GAAP constant currency basis was 16.6%.
•Total Revenues were Rs. 72.36 billion ($1.56 billion), representing an increase of 16% over the same period last year.
•IT Services Revenue in dollar terms was $1,204 million, a sequential increase of 3.2% and YoY increase of 16.6%.
•Net Income was Rs. 13.19 billion ($284 million), representing an increase of 31% over the same period last year.
•Non-GAAP Adjusted Net Income (excluding impact of accelerated amortization of stock based compensation) was Rs. 13.06 billion ($281 million), representing an increase of 30% over the same period last year.
•IT Services Revenues were Rs. 55.00 billion ($1,185 million), representing an increase of 14% over the same period last year.
•IT Services Earnings Before Interest and Tax (EBIT) was Rs.13.5 billion ($291 million), representing an increase of 26% over the same period last year.
•IT Services added 22 new clients in the quarter.
•Net addition of 4,854 employees in the current quarter.
•IT Products recorded a 13% growth in Revenues over the same period last year.
•Consumer Care and Lighting Revenue grew 23% over the same period last year and EBIT grew 11%
http://www.wipro.com/corporate/investors/pdf-files/IFRS-Press-Release-Q1-FY10-11.pdf