Wipro net profit for fiscal 2009 up 19 percent

Bangalore, April 22 (Inditop) 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.

Under the US accounting standard, the net income was $677 million and consolidated revenue $5 billion.

Revenue from global IT services was $4.3 billion, up by 18.5 percent YoY under the US accounting standard and Rs.191.7 billion (Rs.19,166 crore) under the Indian accounting standard, up by 31 percent YoY.