Country's third largest software services firm Wipro today reported 2.1% rise in fourth quarter net profit to Rs 2,286.5 crore, while it elevated founder Azim Premji's son Rishad to the board.
The company had a net profit of Rs 2,239.1 crore in the quarter ended March 31, 2014.
Its revenue grew by 3.9% to Rs 12,171.4 crore in the January-March quarter of 2014-15, from Rs 11,703.6 crore in the year-ago period.
The city-based firm also announced appointment of Rishad Premji, the son of Wipro founder and Chairman Azim Premji, to the company board.
Revenues from its IT services business increased 6% year-on-year to Rs 11,240 crore (up 3.2% to USD 1.77 billion) in the reported quarter.
The company has forecast its IT services revenues for the April-June 2015 quarter to be in the range of USD 1.76 billion to USD 1.79 billion.
For the year ended March 31, 2015, Wipro's net profit increased 11.03% to Rs 8,705.9 crore, while revenues were up 8.14% to Rs 47,318 crore.