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Wipro Q4 net profits 14% up - SRK - 04-27-2011

The country's third largest software exporter Wipro today reported a growth of 13.77 per cent in consolidated net profit for the quarter ended March 31, 2011, to Rs 1,375.4 crore.

Last year, the company had posted a net profit of Rs 1,208.9 crore for the fourth quarter.

"We have made good progress in creating a leaner, simpler and more customer-centric organisation structure. We believe our business strategy along with the new structure will deliver industry leading growth," Wipro Chairman Azim Premji said in a statement.

IT services, which contributed 76 per cent to the company's revenues in FY'11, stood at USD 1,400 million, a sequential increase of 4.2 per cent and a year-on-year increase of 20.1 per cent.

PTI