Article: Wipro Records 22% Growth in Net Income; Results for the Quarter Ended December 31, 2003 under US GAAP.

Business Editors/High-Tech Writers

BANGALORE, India & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 20, 2004

Wipro Limited (NYSE:WIT) today announced financial results under US GAAP for its third fiscal quarter ended December 31, 2003.

Highlights for the quarter ended December 31, 2003:

-- Net Income was Rs. 2.66 billion ($58 million), representing an

increase of 22% over the same period last year.

-- Revenue was Rs. 15.62 billion ($343 million), representing an

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