Wipro Records 42% Growth In Profits

Wipro has recorded a 42% growth in profits as the Board of Directors approved its audited results for the year ended March 2004. Azim Premji, Chairman of Wipro, commenting on the results said, "Our combined IT products and services business recorded a revenue of USD 1.2 billion. Revenue from our IT Services businesses alone was USD 1 billion. Looking ahead, for the quarter ending June 2004, we expect our Revenue from our Global IT Services business to be approximately USD 292 million."]

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