The third largest software exporter Wipro has announced its Q3 2009 results just now. It has announced a net profit of Rs 1003 crores in the last quarter ending Dec 31st 2008. The profit after tax(PAT) of the company grew at a rate of 18% Y-o-Y to touch 1004 crores in this quarter. The revenues of the company stands at Rs 6618 crores which is a growth of 25% Y-o-Y. The IT services division of Wipro recorded a growth of 25% Y-o-Y in revenues and 45% Y-o-Y in PBIT(profit before Income Tax). The consumer care segment also recorded a good growth in the last quarter.

The company managed to add 31 new clients in the last quarter. The results of the company met the expectations of the industry. Meanwhile it has acquired Citi Technology Services last month which will add to its top and bottom lines in the coming days.

In his speech Mr.Premji has said ““For the quarter ended December 2008, we delivered a strong performance with IT Services Revenues growing sequentially 3.5% in constant currency. We continue to win large deals; we won 4 multi-year multimillion
dollar deals in the current quarter. We added 31 new customers. ”

Click on the below links to analyse the  Wipro Q3 2009 results in detail:

Press Release Of Q3 2009 results in Indian GAAP.

 Press Release Of Q3 2009 results of Wipro in US GAAP.

So over all the results has been very satisfactory in this quarter. The share prices of the company opened with a marginal loss of 2-3%.

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