Wipro’s Q2 net leaps 121%

BANGALORE: Wipro Limited has announced a 39 per cent growth in revenues for

the half year ended September 2000 to Rs 1,376 crore. The audited results show

the company’s profit after tax growing by a healthy 121 per cent to Rs 261.70

crore.

Wipro Technologies, the global IT services business, accounted for 56 per

cent of total revenues. The division’s revenues increased by 79 per cent for

the half-year to Rs 771.90 crore. Wipro Technologies’ R&D Services

division accounted for 49 per cent of the software revenues while the Enterprise

division contributed the remaining 51 per cent. Wipro Infotech, the Indian IT

Services and Products business, which accounted for 29 per cent of revenues, saw

a revenue growth of 13 per cent to Rs 394.30 crore.

For the half-year ended September 2000, the annualized return on capital

employed (RoCE) at Wipro Technologies was 121 per cent, 82 per cent for Wipro

Infotech and 71 per cent for the Consumer Care and Lighting division. Overall,

Wipro’s RoCE was 68 per cent.

For the quarter ended September 2000, Wipro Technologies recruited 1275

employees, bringing the total number of employees as of September to over 8,578.