Wipro net profit up 15 percent in fourth quarter

September 23rd, 2009 Copart 4Q profit falls 15 percent on sales slideFAIRFIELD, Calif. — Copart Inc., a junk-car auction service, said Wednesday that its fiscal fourth-quarter profit fell 15 percent to $34.6 million, as sales fell more than 10 percent.

August 11th, 2009 Fossil expects recession to weigh on outlookRICHARDSON, Texas — Fossil Inc, which makes watches, shoes and other fashion accessories, said Tuesday that it expects the recession to weigh on both its third-quarter and fourth-quarter earnings results. The company said it anticipates third-quarter profit of 38 cents to 42 cents per share.

July 31st, 2009 MUMBAI - Realty major DLF Friday reported a 79 percent drop in its net profit to Rs.396 crore for the quarter ended June 30 from Rs.1,863.97 crore in the same quarter, the previous fiscal. The company's total income also slipped to Rs.1,649.86 crore, a 57 percent drop from the previous corresponding quarter's Rs.3,810.62 crore.

July 31st, 2009 VistaPrint 4Q earns rise 42 percentHAMILTON, Bermuda — VistaPrint Ltd., which sells business cards and other marketing products to small businesses said Thursday that fourth quarter profit rose 42 percent as the number of customers and orders grew. VistaPrint said it made $14.7 million, or 33 cents per share, for the quarter ended June 30, compared with profit of $10.3 million, or 22 cents per share, in the year ago-quarter.

July 23rd, 2009 F5 Networks offers 4Q outlook above expectationsSEATTLE — F5 Networks Inc., which makes products that manage and route computer network traffic, said Wednesday it expects fiscal fourth-quarter profit above analyst expectations. The Seattle-based company said it predicts a fourth-quarter profit of 40 cents to 42 cents per share, excluding a stock-option expense, while analysts polled by Thomson Reuters predict a profit of 38 cents per share.

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 - Wipro Ltd projected revenue of $1.03-1.05 billion from its global IT services for the second quarter (July-September) of this fiscal (2009-10). In a regulatory filing Wednesday, the IT bellwether said the guidance was based on its performance in the first quarter (April-June) when its flagship business division revenue at $1.03 billion showed decline of 1.3 percent sequentially and 3.3 percent year-on-year (YoY).

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.

May 4th, 2009 MUMBAI - Major housing loan provider HDFC Monday said its net profit dipped 6.3 percent to Rs.2,282.54 crore for the year ended March 31 from Rs.2,436.25 crore the previous fiscal. The company's total income, however, rose 36.33 percent in 2008-09 to Rs.10,992.43 crore from Rs.8,062.8 crore it made in the previous year.

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.

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 - 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.

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.