Wipro Limited today announced financial results under International Financial Reporting Standards (IFRS) for its fourth quarter and year ended March 31, 2014.
Results for the Quarter ended March 31, 2014:
- Revenues from continuing operations were rupees 117.0 billion ($2.0 billion1), an increase of 22% YoY.
- Net Income from continuing operations was rupees 22.3 billion ($371 million1), an increase of 41% YoY.
- Non-GAAP Adjusted Net Income from continuing operations was rupees 22.3 billion ($371 million1), an increase of 42% YoY.
- IT Services Revenue was $1,720.2 million, a sequential increase of 2.5% and YoY increase of 8.5%.
- IT Services2 Revenues in Rupee terms was rupees 106.2 billion ($1.8 billion1), an increase of 24% YoY.
- IT Services2 Earnings Before Interest and Tax (EBIT) was rupees 26.1 billion ($434 million1), an increase of 51% YoY.
- IT Services2 Operating Margins was 24.5%, an expansion of 150 basis points sequentially.
Results for the Year ended March 31, 2014:
- Revenues from continuing operations were rupees 437.6 billion ($7.3 billion1), an increase of 16% YoY.
- Net Income from continuing operations was rupees 78.0 billion ($1.3 billion1), an increase of 27% YoY.
- Non-GAAP Adjusted Net Income from continuing operations was rupees 78.0 billion ($1.3 billion1), an increase of 28% YoY.
- IT Services Revenue was $6,617.9 million, YoY increase of 6.4%.
- IT Services2 Revenues in Rupee terms was rupees 399.5 billion ($6.7 billion1), an increase of 18% YoY.
- IT Services2 Earnings Before Interest and Tax (EBIT) was rupees 90.3 billion ($1.5 billion1), an increase of 29% YoY.
- IT Services2 Operating Margins was 22.6% for the year an expansion of 195 basis points YoY.
- Wipro declared a final dividend of rupees 5 ($0.08) per share /ADS, taking the total dividend declared during the year torupees 8 ($0.13) per share/ADS.
To view an unabridged version of this press release, visit: http://www.wipro.com/Documents/investors/pdf-files/IFRS-Press-Release-Q4-FY14.pdf
