Wipro Q3 results: Profit fell 3% to Rs 2,463 crore, firm expects Q4 revenue growth at 0-2%

EW DELHI: WiproNSE 0.94% reported a 3.20 percent year-over-year (YoY) decline in consolidated profit for the quarter ended December 30, compared to the quarter ended December 30. Analysts at ET Now Poll have a net estimate of Rs 2,450.80 crore. ऑप्शन ट्रेडिंग करके डेली पैसा कमाओ 5000 से भी जयादा : ATGNSE Nifty Option Trading Tips

Total revenue increased by 2.73 per cent to Rs 15,470.50 crore during the quarter under review. The figure was Rs 15,059.50 crore in the same period last year. Revenue from IT services increased by 2.97 percent to Rs 15,100.60 crore.

The company's board announced an interim dividend of Rs 1 per equity share.

Bidli Neemchawala, CEO and Managing Director said: “We have given a good quarter with secular growth across all business units, geographies and practices. We are focused on deepening our customer relationships, converting our funnels and winning great deals. " ऑप्शन ट्रेडिंग करके डेली पैसा कमाओ 5000 से भी जयादा : ATGNSE Nifty Option Trading Tips

Wipro expects revenue from its IT services business to be $ 2,095 million to $ 2,137 million for the quarter ended March 31. This translates to a gradual increase of 0.0–2 percent.

“We expanded the margin to 0.3 percent, aided by a favorable movement in the currency. In addition, we generated strong operating cash flow due to disciplined execution at 124 percent of our net income, ”said Jatin Dalal, Chief Financial Officer.

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