Indian IT services firm Wipro today said its revenue in Q4 FY 2014 rose 22 percent to $2 billion, while its net profit increased 41 percent to $371 million.
IT services revenue during the fourth quarter was $1,720 million, Wipro said.
During the fiscal 2014, Wipro revenue increased 16 percent to $7.3 billion, while its net profit grew 27 percent to $1.3 billion.
IT services revenue of Wipro during fiscal 2014 was $6.6 billion.
Wipro said it is expecting to clock first quarter revenue of $1,715 million to $1,755 million.
T K Kurien, executive director & CEO of Wipro, said: “Our focus on process simplification, automation and platform-based delivery continues to deliver results and we are seeing the benefits through improved productivity, reduced timelines in execution and greater business agility.”
The revenue contribution of media and telecom to Wipro decreased to 13.8 percent in FY 2014 from 14.3 percent in FY 2013.
Finance solutions revenue contribution was flat at 26.6 percent.
Wipro said revenue contribution from manufacturing and hi-tech dipped to 18.6 percent from 19.1 percent.
Healthcare and life science business contributed 10.3 percent against 9.9 percent.
Contribution of retail, consumer goods and transport dipped to 14.7 percent from 15.1 percent, Wipro said.
Energy, natural resources and utilities contributed 16 percent revenue in fiscal 2014 against 15 percent in fiscal 2013.
America contributed 49.8 percent (50.7 percent) revenue contribution, Europe 29.4 percent (28.6 percent), India and Middle East 8.6 percent (8.9 percent) and Asia Pacific and emerging countries 12.2 percent (11.7 percent).
Wipro said its resources have gone up to 146,053 from 145,812.