Wipro net up 12 per cent in last fiscal year

Global software major Wipro Ltd posted a net profit of Rs.32.8 billion for the last fiscal 2007-08, registering 12 per cent year-on-year (YoY) growth over the same period of previous fiscal (2006-07) under the Indian accounting practice.

Global software major Wipro Ltd posted a net profit of Rs.32.8 billion for the last fiscal 2007-08, registering 12 per cent year-on-year (YoY) growth over the same period of previous fiscal (2006-07) under the Indian accounting practice.

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In a notification to the stock exchanges Friday, the IT bellwether said the group's consolidated revenue for the entire fiscal (FY 2008) under review increased to Rs.200 billion, posting 33 percent YoY growth over the same quarter in FY 2007 under the Indian accounting practice.

Under the American accounting practice, net revenue for FY 2008 grew by 11 percent YoY to $806 million.

Similarly, gross revenue increased to $4.9 billion, registering 32 percent YoY growth over the previous fiscal under the American accounting practice.