20 Apr 07 Wipro Results – Strong

Indian software major Wipro Technologies reported a net profit of Rs. 856 crore for the Q4 2007 quarter, ending March 2007, as compared to Rs. 765 crore for Q3 December 2007. This implies a growth of 11.85% despite rupee appreciation and the hedging cost. Wipro Technologies’ revenues increased by 8.89% to Rs. 4333 crore from Rs 3979 crore.

For the Q1 2008 quarter, ending June 2007, Wipro expects to post revenues of around $711 million from its global IT services business. Wipro’s IT operating profit margin (OPM) stood at 28% and its BPO operating profit margin stood at 24.7%. The Wipro stock was trading at Rs. 587, up over 1.40% from yesterday’s close.

18 Apr 07 Infotech Enterprises Ltd announces results – sets up new facility and development center

Infotech Enterprises Ltd announced its results. Revenue grew at 49.7%, at Rs. 5425 million ($120 million), revenues from engineering services up 69%, Net Profits before Associate Income were up by 84.9%.  Infotech Enterprises Ltd also announced the inauguration of a new facility at Manikonda, Hyderabad and three new development centers established at Kakinada, Sydney and Auckland.