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    Home»Merger and Acquisition»Wipro Q3 net profit up 20.8 pc to Rs 2,968 cr
    Merger and Acquisition

    Wipro Q3 net profit up 20.8 pc to Rs 2,968 cr

    Finance KhabarBy Finance KhabarJanuary 14, 2021No Comments2 Mins Read
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    New Delhi: The net profit attributable to shareholders in the year-ago period was at Rs 2,455.9 crore, according to a regulatory filing by Wipro.

    Its revenue from operations grew nearly 1.3 per cent to Rs 15,670 crore from Rs 15,470.5 crore in the quarter ended December 2019.

    Wipro, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of USD 2,102 million to USD 2,143 million in the March 2021 quarter. This translates into a sequential growth of 1.5 per cent to 3.5 per cent for the March quarter.

    For the December quarter, IT services revenue grew 3.9 per cent sequentially to USD 2,071 million, exceeding the forecast that had been given by the company in October.

    In October, Wipro had said it expects its revenue from IT services business to be in the range of USD 2,022-2,062 million for the December quarter, a sequential growth of 1.5-3.5 per cent.

    “Wipro has delivered a second consecutive quarter of strong performance on order booking, revenue and margins. Five of our sectors grew over 4 per cent sequentially. We closed our largest ever deal win in Continental Europe,” Wipro CEO and Managing Director Thierry Delaporte said in a statement.

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