Friday, July 22 2005 11:39 Hrs (IST) - World Time -

Bangalore: Software major Wipro today (July 22, 2005) reported a net profit of Rs 428 crore for the first quarter ended June 30, 2005, a 20 per cent jump over the corresponding quarter of the previous fiscal.

The Bangalore-headquartered company reported revenues of Rs 2,262 crore, a 28 per cent rise year-on-year.

Global IT Services and Products revenue was Rs 1,732 crore, an increase of 29 per cent, which, the company said in a statement here, was driven by volume growth and improvement in price realisation.

The New-York Stock Exchange listed company added 29 new clients in the quarter.

Wipro Chairman Azim Premji said for the Q2 ending September, 2005, the company expected revenue from its global IT service business to be about USD 422 million.

He said the global IT business continued to sustain momentum and IT services component of the business witnessed strong volume growth and improved price realisations during the quarter.

The company added 2,097 employees in IT services, taking its total headcount to 41,911 as on June 30, 2005.