| Revenues for the April-June quarter of 2006-07 increased to Rs 3,143 crore, up 39 per cent compared with the corresponding period last year. |
| The revenue from the New York Stock Exchange-listed firm's global IT services business was $539.3 million (Rs 2,425 crore), ahead of its guidance of $533 million. |
| Company Chairman Azim Premji told a press conference that the external environment remained buoyant as the company saw offshoring at centre stage of the IT strategy of global corporations. |
| "In these exciting times, we are well-positioned to benefit from our diversified services portfolio and deep industry expertise," he said. "Looking ahead to the quarter ending September 2006, we expect the revenue from our global IT services business to be approximately $ 577 million." |
| The firm, which had bought six companies since December, was looking to acquire more, it said, probably in Europe and the United States. |
| Wage hikes would have an impact of about 1.5 per cent on Wipro's operating margin in the July-September quarter, Chief Financial Officer Suresh Senapaty said. But billing rates were expected to remain stable, while the company was able to get better prices from new clients, he said. |
| Wipro reported its earnings after industry leader Tata Consultancy Services and second-ranked Infosys Technologies unveiled quarterly numbers that exceeded expectations. |
| Wipro's shares fell 5.5 per cent to Rs 458.30, while the benchmark BSE Sensex dropped 2.2 per cent. TCS shares shed 4.5 per cent, and Infosys lost 1.5 per cent today. |
| Wipro added 62 new customers, including around 20 from recent acquisitions, during the quarter, which also saw the company taking on board about 2,400 employees on a net basis. |
| The company said global IT services and product revenue grew 42 per cent to Rs 2,451 crore, while the India and Asia business and Wipro Consumer Care and Lighting business recorded 35 per cent and 30 per cent revenue growth year-on-year, respectively. |
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