Wipro Q4 net up 3% YoY to Rs 880cr

Highlights for the quarter ended March 31, 2008

* Wipro revenue increased 32% YoY to Rs 5,700 crore

* Net profit increased 3% YoY to Rs 880 crore. Adjusting for one-time tax reversals in Q4FY07, the YoY profit after tax (PAT) growth will be 11.3%

* Revenue of Wipro's global IT business in rupee terms stood at Rs 3,833 crore - a YoY increase of 26%

* During the quarter, Wipro IT business won three multi-year multi-million dollar deals

* Global IT services & products added 29 new clients in the quarter

* India, Middle East & Asia Pac business recorded 41% YoY growth in revenues to Rs 1,096 crore

* Wipro Consumer Care and Lighting business revenue grew 111% YoY and PBIT grew 136% YoY

Highlights for the year-ended March 31, 2008

* Wipro revenue increased 33% to Rs 19,957 crore

* PAT grew 12% to Rs 3,283 crore

* Revenue of combined IT businesses was $4.3 billion - a 43% YoY growth

* Revenue of Wipro's Global IT business in dollar terms was $3.39 billion - a YoY growth of 38%. In rupee terms,revenue stood at Rs 13,642 crores - a YoY growth of 23%

* Technology business in Global IT services segment crossed a landmark of $1 billion (around Rs 4,000 crore) of annual revenue and business from the Americas and Europe crossed $2 billion and $1 billion, respectively. Revenue from India, Middle East and Asia Pacific business grew by 51% to Rs 3,746 crore.

* Wipro Consumer Care and Lighting business, including acquisition of Unza, increased revenue 86% YoY

* The board recommended a final cash dividend of Rs 4 per share/ADS. This, added with an interim dividend of Rs 2 per share, will take the total dividend to Rs 6 per share