Wipro Ltd declared net profit of Rs 13.2 billion for the three month period (October-December) ended December 2010, posting 10% year-on-year (YoY) increase.

In a regulatory filing, the IT giant stated that its revenue during October-December quarter (Q3) remained at Rs 78.3 billion, a growth of 12 percent YoY.

IT bellwether Wipro Technologies has declared that it has inked a 5-year deal with international steel making major ArcelorMittal with the aim to merge and transfer its messaging systems to the Microsoft Exchange 2010 messaging platform.

TCS, Wipro, IBM, Tech Mah are the four IT majors, which have been short-listed by Bharti Airtel for its IT contract.

According to the sources, Bharti Airtel will have a large outsourcing deal on the cards and the deal is essentially of its inter-city fiber network for its management.

It is also said that the deal will have a time period of almost five years and it may cost around $500 million to $600 million.

As per the reports, ten IT majors had bid for Bharti IT deal, and out of them only four had been ranked by the Bharti.

Wipro Ltd, India’s third largest software services exporter, reported a growth of 12% in its net profits to Rs 1,016 crore beating the analyst’s expectations for the quarter ended June 30, 2009, as compared to the same period of the last year. The topline of the company, which also deals with soaps, furniture and heavy engineering equipment, climbed up by 5% to Rs 6,274 crore.

Revenue from the flagship IT services stood at Rs 4,825 crore — a 10 per cent growth YoY and a sequential dip of 2 per cent.

Software major Wipro has made announcement that the company has tied up with Sun Microsystems with the aim to widen its reach within the Gulf Cooperation Council (GCC) countries such as UAE and Saudi Arabia.

Under the tie up, Wipro will resell and combine the whole suite of Sun systems, storage, software, and services to serve Sun`s clientele in the UAE, Saudi Arabia, Bahrain, Oman and Qatar.

Software & Technology giant Wipro has entered into a partnership with Sun Microsystems, to widen its reach within the Gulf Cooperation Council (GCC) countries such as UAE and Saudi Arabia.

Under the arrangement, Wipro would resell and integrate the entire suite of Sun systems, storage, software, and services to serve Sun's customers in the UAE, Saudi Arabia, Bahrain, Oman and Qatar.

The Sun-Wipro business relationship began almost two decades
ago in 1989, with Wipro in India selling 3/50 and 3/60 workstations.