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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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Watch Wipro Q4 profit up 38% Rs 2,483 cr; board approves Rs 10,500 cr buyback plan With HD Quality.
The Economic Times | A Times Internet Limited product
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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Watch Wipro Q4 profit up 38% Rs 2,483 cr; board approves Rs 10,500 cr buyback plan With HD Quality
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Infosys, India’s second largest IT firm, on Friday reported 29.62 per cent drop in consolidated net profit at Rs 3,610 crore for December quarter. The IT firm had posted Rs 5,129 crore profit in the corresponding quarter last year, the company said in a BSE filing. The company announced a share buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. It also announced a special dividend of Rs 4 per share.
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Mindtree Board decided not to proceed with share buyback. Will constitute committee of Independent directors to provide reasoned recommendation in respect of the unsolicited offer by L&T.
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IT major Wipro on Tuesday reported a 35.82 per cent YoY rise in consolidated net profit at Rs 2,561.30 crore for the September quarter compared with Rs 1,885.70 crore in the corresponding quarter last year. On a sequential basis, the profit was up 6.2 per cent. The company has guided for IT services revenue of $2,065 million to $2,106 million for the December quarter. This translates to a sequential growth of 0.8 per cent to 2.8 per cent.
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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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Wipro Ltd today reported a near 1 per cent quarter-on-quarter fall in its consolidated net profit to Rs 2,974.3 crore for the quarter ended March, which was higher than analysts’ estimate of Rs 2,831.2 crore. The company reported a near 4 per cent quarter-on-quarter growth in consolidated revenues to Rs 16,245.4 crore for the quarter, which was also higher than analysts’ estimate of Rs 15,956.4 crore.
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Wipro Q4 results: Profit beats estimates, jumps 28% to Rs 2,972 cr YoY; revenue rises 4%
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The Economic Times | A Times Internet Limited product
IT firm Wipro on Friday reported 31.83 per cent year-on-year rise in profit at Rs 2,544.50 crore for the quarter ended December 31. The company had posted a profit of Rs 1,930.10 crore in the corresponding quarter last year.
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