Wipro net profit up 20.8 percent to Rs 2,968 crore for December 2020 quarter – Business News , Firstpost

The firm, which will get a bulk of its topline from IT providers, mentioned it expects revenues from that enterprise to be within the vary of $2,102 million to $2,143 million within the March 2021 quarter

File picture of Wipro workplace. CNBC-Television18

New Delhi: IT providers main Wipro on Wednesday posted a few 21 percent enhance in consolidated net profit at Rs 2,968 crore for the December 2020 quarter.

The net profit attributable to shareholders within the yr-in the past interval was at Rs 2,455.9 crore, in accordance to a regulatory submitting by Wipro.

Its income from operations grew almost 1.3 percent to Rs 15,670 crore from Rs 15,470.5 crore within the quarter ended December 2019.

Wipro, which will get a bulk of its topline from IT providers, mentioned it expects revenues from that enterprise to be within the vary of USD 2,102 million to USD 2,143 million within the March 2021 quarter. This interprets right into a sequential progress of 1.5 percent to 3.5 percent for the March quarter.

For the December quarter, IT providers income grew 3.9 percent sequentially to $2,071 million, exceeding the forecast that had been given by the corporate in October.

In October, Wipro had mentioned it expects its income from IT providers enterprise to be within the vary of USD 2,022-2,062 million for the December quarter, a sequential progress of 1.5-3.5 percent.

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

The demand atmosphere is steadily bettering, particularly for digital transformation, digital operations, and cloud providers, he added.

The firm’s income from IT merchandise throughout the quarter was about Rs 160 crore, whereas that from Indian state-run enterprises enterprise was Rs 240 crore.

The firm has declared a dividend of Re 1 per fairness share.

Wipro shares closed marginally greater at Rs 458.7 apiece on BSE on Wednesday. The outcomes had been declared after market hours.

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