WIPRO Q1 NET ZOOMS EIGHT-FOLD
Article Abstract:
Wipro Ltd has increased its net profit by eight times to Rs25.7 crore in the first quarter of 1998-99 against Rs3.2 crore in the first quarter of 1997-98. Its sales increased by 31 percent to Rs345.5 crore against Rs264.2 crore. The company's software exports increased by 73 percent to Rs133.1 crore in revenues. It has decided to invest 70 percent of its capital investment of Rs200 crore on software business in 1998-99. (khr)
Comment:
Decides to invest 70% of capital investment of Rs200 crore on software business in 1998-99
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SONATA PLANS TO OFFER 2.52 MILLION SHARES BY NOV END
Article Abstract:
Sonata Software Ltd (SSL) of Bangalore proposes to offer 2.52 million more shares to the public by the end of November 1998. It hopes to net Rs180-220 million from the public. These shares may carry a premium of Rs65-80 each. SSL earned 40 percent of its revenue from software products in 1997-98. It made a turnover of Rs856 million and a net profit of Rs55.8 million. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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