Wipro provides comprehensive IT solutions and services, systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to global corporations. Wipro 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 its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.

Results for the Quarter ended March 31, 2010

• IT Services Revenue in constant currency was $1,180 million, with a sequential increase of 4.7%. On a YoY basis, the constant currency revenue increase was 7.8%.
• Total Revenues were Rs. 69.83 billion ($1.55 billion1), representing an increase of 8% over the same period last year.
• IT Services Revenue in dollar terms was $1,166 million, a sequential increase of 3.5% and YoY increase of 11.5%.
• Net Income was Rs. 12.09 billion ($269 million1) on a GAAP basis, representing an increase of 21% over the same period last year.
• IT Services Revenues were Rs. 52.60 billion ($1,170 million1), representing an increase of 7% over the same period last year.
• IT Services Earnings Before Interest and Tax (EBIT) was Rs. 12.72 billion ($283 million1), representing an increase of 20% over the same period last year.
• IT Services added 27 new clients in the quarter.
• Net addition of 5,325 employees in the current quarter.
• IT Products recorded a 2% growth in Revenues over the same period last year.

Results for the year ended March 31, 2010

• Total Revenues were Rs. 271.24 billion ($6.03 billion1), representing an increase of 6% over the same period last year.
• IT Services Revenues were $4,390 million, an increase of 1.6% YoY and 1.8% in constant currency.
• Net Income was Rs. 45.93 billion ($1.02 billion1), representing an increase of 18% over the same period last year.
• IT Services Revenues were Rs. 202.49 billion ($4.50 billion1), representing an increase of 6% over the same period last year.
• IT Services Earnings Before Interest and Tax (EBIT) was Rs. 47.41 billion ($1.05 Billion1), representing an increase of 18% over the same period last year.
• IT Services added 121 new clients in the year.
• IT Products Revenue grew 11% over the same period last year and EBIT grew by 29%.