Wipro Limited (NYSE:WIT) today announced financial results under International Financial Reporting Standards (IFRS) for its fourth quarter and year ended March 31, 2014.
Highlights of the Results:
Results for the Quarter ended March 31, 2014:
Revenues from continuing operations were `117.0 billion ($2.0 billion1), an increase of 22% YoY.
Net Income from continuing operations was `22.3 billion ($371 million1), an increase of 41% YoY.
Non-GAAP Adjusted Net Income from continuing operations was `22.3 billion ($371 million1), an
increase of 42% YoY.
IT Services Revenue was $1,720.2 million, a sequential increase of 2.5% and YoY increase of 8.5%.
IT Services2 Revenues in Rupee terms was `106.2 billion ($1.8 billion1), an increase of 24% YoY.
IT Services2 Earnings Before Interest and Tax (EBIT) was `26.1 billion ($434 million1), an increase of
51% YoY.
IT Services2 Operating Margins was 24.5%, an expansion of 150 basis points sequentially.
Results for the Year ended March 31, 2014:
Revenues from continuing operations were `437.6 billion ($7.3 billion1), an increase of 16% YoY.
Net Income from continuing operations was `78.0 billion ($1.3 billion1), an increase of 27% YoY.
Non-GAAP Adjusted Net Income from continuing operations was `78.0 billion ($1.3 billion1), an
increase of 28% YoY.
IT Services Revenue was $6,617.9 million, YoY increase of 6.4%.
IT Services2 Revenues in Rupee terms was `399.5 billion ($6.7 billion1), an increase of 18% YoY.
IT Services2 Earnings Before Interest and Tax (EBIT) was `90.3 billion ($1.5 billion1), an increase of
29% YoY.
IT Services2 Operating Margins was 22.6% for the year an expansion of 195 basis points YoY.
Wipro declared a final dividend of `5 ($0.08) per share /ADS, taking the total dividend declared during
the year to `8 ($0.13) per share/ADS.
Highlights of the Results:
Results for the Quarter ended March 31, 2014:
Revenues from continuing operations were `117.0 billion ($2.0 billion1), an increase of 22% YoY.
Net Income from continuing operations was `22.3 billion ($371 million1), an increase of 41% YoY.
Non-GAAP Adjusted Net Income from continuing operations was `22.3 billion ($371 million1), an
increase of 42% YoY.
IT Services Revenue was $1,720.2 million, a sequential increase of 2.5% and YoY increase of 8.5%.
IT Services2 Revenues in Rupee terms was `106.2 billion ($1.8 billion1), an increase of 24% YoY.
IT Services2 Earnings Before Interest and Tax (EBIT) was `26.1 billion ($434 million1), an increase of
51% YoY.
IT Services2 Operating Margins was 24.5%, an expansion of 150 basis points sequentially.
Wipro's Jan-Mar quarter profit up 41 pc at Rs 2,239.1 crore; revenue up 21.29 pc at Rs 11,653.5 crore.
— Press Trust of India (@PTI_News) April 17, 2014
Results for the Year ended March 31, 2014:
Revenues from continuing operations were `437.6 billion ($7.3 billion1), an increase of 16% YoY.
Net Income from continuing operations was `78.0 billion ($1.3 billion1), an increase of 27% YoY.
Non-GAAP Adjusted Net Income from continuing operations was `78.0 billion ($1.3 billion1), an
increase of 28% YoY.
IT Services Revenue was $6,617.9 million, YoY increase of 6.4%.
IT Services2 Revenues in Rupee terms was `399.5 billion ($6.7 billion1), an increase of 18% YoY.
IT Services2 Earnings Before Interest and Tax (EBIT) was `90.3 billion ($1.5 billion1), an increase of
29% YoY.
IT Services2 Operating Margins was 22.6% for the year an expansion of 195 basis points YoY.
Wipro declared a final dividend of `5 ($0.08) per share /ADS, taking the total dividend declared during
the year to `8 ($0.13) per share/ADS.
Wipro forecasts IT services revenue in range of USD 1.715 billion to USD 1.755 billion for quarter ending June 30.
— Press Trust of India (@PTI_News) April 17, 2014
