Wipro revenue up 8%, profit increases 11%

IT services company Wipro today said its FY 2015 revenue increased 8 percent to $7.5 billion, while net income rose 11 percent to $1.4 billion. IT services revenue of Wipro rose 7 percent to $7.08 billion.

In Q4 2014, Wipro’s total revenue increased 4 percent to $1.9 billion, while net income rose 2 percent to $366 million. Wipro’s IT service revenue in Q4 FY 2015 grew 6 percent to $1.8 billion.

Wipro CEO TK Kurien
13.9 percent (13.8 percent) of Wipro revenue in FY 2015 came from Global Media & Telecom sector, 26.2 percent (26.8 percent) from Finance Solutions, 18.2 percent (18 percent) from Manufacturing & Hitech, 11.4 percent (10.6 percent) from Healthcare, Life Sciences & Services, 14.1 percent (14.5 percent) from Retail, Consumer Goods & Transportation and 16.2 percent (16.2 percent) from Energy, Natural Resources & Utilities.

Wipro said Americas contributed 51 percent (50 percent) revenue in FY 2015, while Europe 27.8 percent (30 percent), India & Middle East business 9.7 percent (8.8 percent) and APAC and Other Emerging Markets 11.5 percent (11.2 percent).

T K Kurien, chief executive officer of Wipro, said: “We continue to execute on our strategy and have achieved improved customer satisfaction through better articulated solutions and improved delivery.”

Wipro sees Digital, Open Source and Artificial Intelligence as key levers for driving business change and reshaping the delivery model for the future.

The IT Services segment had a headcount of 158,217 as of March 31, 2015. Wipro added 65 new customers during the quarter.
Wipro expects revenues from IT Services business to be in the range of $ 1,765 million to $ 1,793 million.

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