Software major Wipro on Wednesday posted a 46.28 per cent increase in net profit at Rs 738.9 crore for the quarter ended December 31, as compared to Rs 505.1 crore for the same quarter last year. The total revenue of the company increased by 45.82 per cent to Rs 3,651.1 crore for the third quarter ended December 31, from Rs 2,503.7 crore in the corresponding quarter a year ago, Wipro informed the Bombay Stock Exchange on Wednesday. “Our global IT business delivered good volume growth primarily driven by robust performance of our energy and utilities vertical, technology infrastructure services and enterprise application services. Our financial services and retail businesses delivered more than 50 per cent YOY growth,” Wipro Chairman Azim Premji said. Premji also said that the software biggie has brought down its attrition rates in both the IT and BPO businesses. He said that he expected revenue from the global IT services and products businesses to be approximately around $685 million for the quarter ending March 2007. The group posted a net profit of Rs 765.4 crore for the quarter ended December 31, as against Rs 543.5 crore in the same quarter last year. The total revenue of the group increased to Rs 3,979 crore for the December quarter from Rs 2,743.9 crore in the year-ago period.
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