January 21, 2022

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The World Live Breaking News Coverage & Updates IN ENGLISH

Wipro Q3 net profit remains flat at Rs 2,969 crore

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Wipro Q3 net profit remains flat at Rs 2,969 crore
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Wipro Q3 net profit remains flat at Rs 2,969 crore
Wipro Q3 net profit remains flat at Rs 2,969 crore

NEW DELHI: IT services major Wipro on Wednesday posted Rs 2,969 crore consolidated net profit for the third quarter (Q3) ended December 31, 2021.
The company’s net profit remained flat as compared to a profit of Rs 2,966 crore posted in same quarter last year.
In terms of quarter-on-quarter growth too, the IT firm’s profit rose a mere 1.3 per cent from Rs 2,930 crore posted in September quarter.
For the December 2021 quarter, IT services revenue grew 2.3 per cent sequentially to $2,639.7 million, in line with the forecast that had been given by the company in October. In October, Wipro had said it expects its December quarter revenue from IT services business to be in the range of $2,631-2,683 million, a sequential growth of 2-4 per cent.
Commenting on the results, CEO and managing director of Wipro Thierry Delaporte said, “Wipro has delivered a fifth consecutive quarter of strong performance, both on revenues, and margins. Order bookings have been strong too, and we have added seven new customers in the more than $100 million revenue league, in the last 12 months.”
“We are also excited to have completed the acquisitions of Edgile and LeanSwift Solutions in the quarter, both of which will add to our capabilities significantly,” he said.
Shares of Wipro fell 0.4 per cent to close at Rs 691.35 on the BSE, while it finished at Rs 691 on the NSE.

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