Wipro's quarterly revenue, profits up
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(InfoWorld) - India's third largest outsourcer, Wipro, Thursday reported growth in revenue and profit, although like other Indian outsourcers, it too was affected by theÂ appreciation of the Indian rupeeÂ against the U.S. dollar. The company posted total revenue of Indian rupees 41.83 billion ($1.03 billion) in the quarter ended June 30, up 34 percent over revenue in the same period last year. Net revenue was rupees 7.1 billion, up by 16 percent for the same period a year ago. Wipro, of Bangalore, has both a domestic and export business. Its export-oriented outsourcing business, called Global IT Services and Products, posted revenue of rupees 29.4 billion, up by 20 percent over the same period last year. The company's operating margin for this business was however down from the same quarter last year because of the strong rupee. The results are based on U.S. generally accepted accounting principles (GAAP), the company said. The company's export business had 72,137 employees as of June 30, which included 53,073 employees in its IT services and products business, and 19,064 employees in the BPO (business process outsourcing) services business. The company added 4,319 staff during the quarter of which 2,719 employees were added in its IT services and products business and 1,600 employees in its BPO business. During the quarter, some of the company's services lines like technology infrastructure services and software package implementation grew by over 50 percent year-on-year, while its BPO and testing services grew by over 40 percent year-on-year. The company's export business accounted for 70 percent of total revenue and 91 percent of operating income for the quarter. Wipro does not report profits separately for this business, which added 39 new outsourcing clients in the quarter.
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Earnings meet analyst expectations, and company continues to gain momentum through wireless and fiber-to-the-home business.
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Cingular Wireless, the No. 1 U.S.  mobile service provider, said on Thursday second-quarter net  income and revenue rose as it added new subscribers at a rate  that was better than expected.
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WATERLOO, ONTARIO - Research in Motion reported sharply higher quarterly profits and revenues Thursday as sales of its popular BlackBerry wireless e-mail device continue to soar.
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Qualcomm Inc., a marketer of semiconductor technology and system software to equipment and cellphone makers, said Wednesday that fourth-quarter earnings rose on increased revenue.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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Washington Post Co. WPO.N said on  Friday that quarterly profit jumped, boosted by results at its  Kaplan education unit and television broadcasting operations.
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Lucent Technologies&#39; quarterly earnings rose sharply, helped by improvement in its wireless networks business and lower costs, the company said Wednesday.
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Strong wireless and Internet subscriber growth pushed revenue up at the phone company, but profit fell after merger-related costs and other items.