Live
- They always want me to win, and now I feel lucky to have been offered a story like ‘Zebra’: Satyadev Kancharana
- ‘Democracy first, humanity first’: PM Modi in Guyana's parliament on two countries' similarities
- PKL Season 11: Telugu Titans register third straight win to top standings
- Is Pollution Contributing to Your COPD?
- NASA Unveils Underwater Robots for Exploring Jupiter's Moons
- Additional Central forces arrive in violence-hit Manipur
- AR Rahman and Saira Banu’s Divorce: Legal Insights into Common Issues in Bollywood Marriages
- 82.7 pc work completed in HPCL Rajasthan Refinery area: official
- Curfew relaxation extended in 5 Manipur districts on Friday
- Tab scam prompts Bengal govt to adopt caution over fund disbursement
Wipro Q3 net dips 2% to Rs 2,455 crore
IT services major Wipro on Tuesday posted 2.17 per cent dip in consolidated net profit to Rs 2,455.9 crore for December 2019 quarter.
New Delhi: IT services major Wipro on Tuesday posted 2.17 per cent dip in consolidated net profit to Rs 2,455.9 crore for December 2019 quarter.
The net profit, attributable to shareholders, in the year-ago period was at Rs 2,510.4 crore, Wipro said in a regulatory filing. Its revenue from operations grew 2.7 per cent to Rs 15,470.5 crore during the period under review from Rs 15,059.5 crore in the same quarter last year (as per Ind-AS).
Wipro, which gets bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,095 million to $2,137 million in the March quarter - a sequential growth of flat to 2 per cent.
IT services segment revenue was at $2,094.8 million in December quarter, a sequential growth of 2.2 per cent. This is in line with its outlook of $2,065 million to $2,106 million guided earlier.
"We have delivered a good quarter with secular growth across all business units, geographies and practices.
We remain focused on deepening our customer relationships, converting our funnel and winning large deals," Wipro CEO and Managing Director Abidali Z Neemuchwala said. Wipro declared an interim dividend of Re 1 ($0.014) per equity share/ADS.
