Wipro Q3: Profit drops 3% to Rs 2,463 crore

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Wipro on Tuesday reported 3.20 per cent year-on-year (YoY) drop in consolidated profit at Rs 2,462.90 crore for the quarter ended December 30. Analysts in an ET NOW poll had projected a net of Rs 2,450.80 crore.Total revenue increased 2.73 per cent to Rs 15,470.50 crore during the quarter under review. The figure stood at Rs 15,059.50 crore in the same period last year. Revenue from IT services inched up 2.97 per cent to Rs 15,100.60 crore.

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Watch Wipro Q3: Profit drops 3% to Rs 2,463 crore With HD Quality.

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    Indian software services exporter Wipro Ltd on Tuesday posted 38 percent rise in fourth-quarter profit, helped by a strong performance from its banking, financial services and insurance segment. Net profit rose to 24.84 billion rupees ($356.54 million) in the three months to March 31, from 18.03 billion rupees in the same period a year earlier, the company said. Wipro also said it will buy back shares worth up to 105 billion rupees. (Text: Reuters)




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