Expect integration with SAIC to be consummated in Q1: Wipro

Software services major Wipro's fourth quarter (January-March) net profit grew 4.3% quarter-on-quarter to Rs 1,375 crore, slightly better than analyst estimates. India's third largest software exporter's logged quarterly revenues of Rs 8,302 crore, up 6% sequentially.

In spite of surge in profit, the company's guidance for the next financial year has turned from neutral to negative. It expects global IT revenues at USD 1.39-1.42 billion in the first quarter of FY12. The consolidated net sales for the quarter jumped 6% to Rs 8,302 crore as against Rs 7,829.3 crore in the quarter ended December 2010. From the top management at Wipro, TK Kurien, CEO, IT Business & Executive Director; Suresh Senapaty, Executive Director & CFO and Pratik Kumar, Corporate, VP-HR, in an interview on CNBC-TV18, spoke about the company