Wipro IT services revenue to be flat in second quarter

September 15th, 2009 NEW DELHI - Indian IT major Wipro Technologies has partnered with global energy management firm Schneider Electric to market its industrial automation solutions in India. Under the agreement, Wipro will offer an additional commercial channel and outstanding project execution capability Schneider to market and deliver its state-of-the-art solutions.

September 8th, 2009 Altera ups 3Q revenue outlook on improved marketsSAN FRANCISCO — Altera Corp. raised its third-quarter revenue forecast on Tuesday, saying it now expects sales to be flat or up 3 percent when compared with the second quarter.

July 22nd, 2009 Knight Transportation 2Q profit nearly flatPHOENIX — Truckload carrier Knight Transportation Inc. said Wednesday that its second-quarter earnings were nearly flat with a year ago as revenue fell 21 percent — but not as much as expected.

July 22nd, 2009 BANGALORE - Managing a 12 percent growth in profit for Wipro even in these trying times, India's billionaire tech czar Azim Premji Wednesday said he was now more upbeat about the future than before and was confident that the business environment would stablise. "We are seeing signs of stability in the macro environment as a result of measures taken by governments and businesses the world over to reverse the downturn," Premji told reporters here.

July 22nd, 2009 BANGALORE - Wipro Ltd posted net profit of Rs.10.16 billion (Rs.1,016 crore) for the first quarter (April-June) of this fiscal (2009-10), registering 12 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said consolidated revenue for the quarter (Q1) was Rs.62.74 billion (Rs.6,274 crore), an increase of five percent YoY as per the Indian accounting standard.

July 22nd, 2009 BANGALORE - India's third largest IT bellwether, Wipro, remained profitable in the first quarter this fiscal despite marginal revenue decline in its global IT services business sequentially and annually. Even for the second quarter, revenue from its flagship IT services business is expected to remain flat in the $1.03-$1.05 billion range, as against the $1.03 billion garnered in the first quarter this fiscal, but still less than the $.1.11 billion earned in the corresponding quarter last fiscal.

July 22nd, 2009 BANGALORE - India's third largest IT bellwether, Wipro, remained profitable in the first quarter this fiscal despite marginal revenue decline in its global IT services business sequentially and annually. Even for the second quarter, revenue from its flagship IT services business is expected to remain flat in the $1.03-$1.05 billion range, as against the $1.03 billion garnered in the first quarter this fiscal, but still less than the $.1.11 billion earned in the corresponding quarter last fiscal.

July 22nd, 2009 BANGALORE - Wipro chairman Azim Premji said on Wednesday that they are adapting successfully to the global meltdown. Wipro, India's third-largest software services exporter, registered 13 percent rise in quarterly profit.

July 6th, 2009 NEW DELHI - India's service tax revenue is estimated to be flat at Rs.65,000 crore ($13.4 billion) this fiscal, Finance Minister Pranab Mukherjee said Monday while presenting the budget for 2009-10 in the Lok Sabha. The revised estimates of the service tax revenue for 2008-09 stands at Rs.65,000, while the government earned Rs.51,301 crore from the tax in 2007-08.

May 14th, 2009 Wal-Mart reports flat 1st-quarter profitLITTLE ROCK, Ark. — Wal-Mart Stores Inc.

April 22nd, 2009 BANGALORE - Wipro Ltd posted a net profit of Rs.10.1 billion (Rs.1,010 crore) for the fourth quarter (January-March) of fiscal 2008-09, registering 15 percent year-on-year (YoY) growth under the Indian accounting standard. In a regulatory filing, the IT bellwether said Wednesday its consolidated revenues for the quarter under review (Q4) of FY 2009 rose to Rs.64.52 billion (Rs.6,452 crore), posting YoY growth of 13 percent under the Indian accounting standard.

April 22nd, 2009 BANGALORE - India's third largest IT bellwether Wipro Ltd, which resisted global meltdown to post double-digit growth in fiscal 2008-09, has succumbed in the beginning of the new fiscal (2009-10) to project lower revenue guidance from its global IT services business. 'Flat sequential growth and uncertainty in a subdued environment have made us project lower revenue guidance from global IT services in the range of $1-1.03 billion for first quarter (April-June) of FY 2010,' Wipro chief financial officer Suresh Senapaty told IANS here Wednesday.

April 22nd, 2009 BANGALORE - Wipro Ltd has projected $1 billion revenue from its global IT services business for the first quarter (April-June) of this fiscal (2009-10), which is lower than the $1.05 billion in the fourth quarter (January-March) of last fiscal 2008-09. In a regulatory filing to stock exchanges, the IT bellwether said Wednesday the market conditions continued to pose challenges due to the impact of global recession and financial meltdown in the US, which accounts for about 60 percent of its total IT services revenue.

April 22nd, 2009 BANGALORE - Wipro Ltd posted a net profit of Rs.38.99 billion (Rs.3,899 crore) for fiscal 2008-09, registering 19 percent year-on-year (YoY) growth under the Indian accounting standard. In a regulatory filing to the stock exchanges, the IT bellwether said Wednesday its consolidated revenue for the fiscal under review (FY 2009) was Rs.255.44 billion (Rs.25,544 crore), posting 28 percent YoY growth under the Indian accounting standard.

January 20th, 2009 BANGALORE - India's third largest IT bellwether lost more employees than it could hire during the third quarter this fiscal, a senior executive admitted Wednesday. 'Yes, our net addition of employees was less than gross addition in the global IT services and products business due to slowdown and attrition in the third quarter compared to second quarter,' Wipro human resources head Pratik Kumar told IANS here.