New Delhi: IT services major Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, and said it has posted a strong performance in revenue and order booking.
Shareholders’ net profit stood at Rs 2,968 crore in the year-ago period, according to a regulatory filing by Wipro.
Its net profit rose 1.3 percent on a sequential basis.
Its revenue from operations grew 29.6 per cent to Rs 20,313.6 crore from Rs 15,670 crore in the quarter ended December 2020.
Wipro, which gets a major part of its topline (revenue) from IT services, said it expects revenue from that business to be in the range of USD 2,692 million to USD 2,745 million in the March 2022 quarter. This translates into a sequential growth of 2 per cent to 4 per cent for the March quarter.
For the December 2021 quarter, IT services revenue grew 2.3 per cent sequentially to USD 2,639.7 million, in line with the forecast given by the company in October.
In October, Wipro had said that it expects revenue from IT services business to be in the range of USD 2,631-2,683 million for the December quarter, a sequential growth of 2-4 per cent.
“Wipro has delivered strong performance for the fifth consecutive quarter on both revenue and margins.
“Order bookings have also been strong, and we have added seven new customers in the last 12 months to the league in excess of USD 100 million in revenues,” Wipro CEO and Managing Director Thierry Delaporte said in a statement.
Wipro’s strategy and superior execution continue to work well for it, and the company is confident of building on this momentum, he added.
“We are also excited to complete the acquisition of Edgil and LeanSwift Solutions this quarter, both of which will significantly enhance our capabilities,” he added.
Wipro Chief Financial Officer Jatin Dalal said the company delivered strong operating margins after absorbing substantial investments on increments due to continuous improvement in operating metrics.
The company’s workforce for IT services stood at 231,671, an increase of 41,363 employees on a net basis year-on-year. It added 10,306 employees during the quarter.Amazon Great Republic Day Sale Begins January 17: Check Deals, Discounts
On Wednesday, the stock of Wipro closed at Rs 691.35 on the BSE, down marginally. The results were declared after the market opened. Read also: Infosys net profit up 12% in Q3 as digital push hikes demand
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//$(function() {
var layout = $(content_selector);
var st = 0;
///});
}
}
});
/*}
};*/
})(jQuery);
,