Wipro Share Value Wipro Monetary Outcomes Wipro Revenue At Rs 2,326 Crore In January-March 2020

Wipro Q4 Profit Down Over 5% At  Rs 2,326 Crore

IT main Wipro on Wednesday reported a web revenue of Rs 2,326.1 crore for the quarter ended March 31. That marked a decline of 5.29 per cent in comparison with the corresponding interval a 12 months in the past, for which the Bengaluru-based firm had posted a web revenue of Rs 2,455.9 crore. In a regulatory submitting after market hours, Wipro mentioned its gross income got here in at Rs 15,711 crore within the quarter, marking a rise of 1.55 per cent in comparison with the three-month interval ended December 31. 

Income from the corporate’s IT companies phase stood at $2,073.7 million, down 1.Zero per cent in comparison with the earlier quarter, the corporate mentioned. The IT companies working margin was at 17.6 per cent, down 80 foundation factors in comparison with the earlier quarter.

The corporate mentioned the IT companies income had been “negatively impacted by COVID-19 by roughly $14 -$16 million (0.7-0.eight per cent of income)”.

Wipro didn’t present a income steering for the present quarter, which ends on June 30, citing “”the uncertainty across the course of the COVID-19 pandemic”.

Wipro’s board didn’t advocate any ultimate dividend for the monetary 12 months. The corporate mentioned the interim dividend of Rs 1 per share determined in January might be thought of as the ultimate dividend for the 12 months. That meant the entire dividend for the fiscal 12 months 2019-20 remained Rs 1 per fairness share. 

“In these unprecedented instances, I’m extraordinarily happy with how the Wipro crew has come collectively and labored 24/7 to make sure the security and well-being of one another whereas persevering with to serve our purchasers. We hope that every one of us keep protected and robust throughout these powerful instances,” mentioned Abidali Z Neemuchwala, CEO and managing director, Wipro. 

“We’re assured that our broad portfolio of companies and our capacity to execute to our commitments makes us well-positioned to realize market share.”

Shares in Wipro ended 1.53 per cent decrease at Rs 186.55 apiece on the BSE, underperforming the benchmark S&P BSE Sensex index which declined 1.01 per cent, forward of the earnings announcement by the corporate.

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