The IT company will report its fourth quarter earnings on Friday, 29 April 2022.
Wipro on Friday announced that the company's board will announce results for the fourth quarter and year ended 31 March 2022, on Friday, 29 April 2022, after stock market trading hours.Following the results announcement, the senior management will discuss the company's performance for the quarter and full year at 7:30 PM same day.
The IT major reported a 1.3% rise in consolidated net profit to Rs 2,970 crore on a 3.3% rise in revenue from operations to Rs 20,313.6 crore in Q3 FY22 over Q2 FY22. In dollar terms, Wipro's gross revenue was $2.7 billion in the third quarter of financial year ended 2022. The IT services segment revenue stood at $2,639.7 million, an increase of 2.3% QoQ and 27.5% YoY. IT services operating margin for the quarter was at 17.6%, a decrease of 19 basis points quarter on quarter.
Wipro said it expects revenue from its IT services business to be in the range of $2,692 million to $2,745 million. This translates to a sequential growth of 2% to 4%.
Wipro is a global information technology, consulting and business process services company.
Shares of Wipro fell 0.25% to end at Rs 537.85 on Friday.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU