Software Services Major’s Profit Rises 20.4%

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Software services major Wipro on Wednesday reported a consolidated profit of ₹ 2,968 crore for the October-December (Q3) quarter, rising 20.4 per cent against ₹ 2,465.7 crore in the previous quarter.

Wipro’s consolidated revenue for the quarter clocked ₹ 15,670 crore higher by 3.8 per cent against ₹ 15,096.7 crore in the September quarter (Q2).

The company’s dollar revenue growth was at 3.9 per cent versus 3.7 per cent quarter-over-quarter. Wipro said its dollar revenue growth was the highest in 36 quarters.

Wipro’s CC revenue growth for the quarter stood at 3.4 per cent.

IT services revenue grew by 3.8 per cent to ₹ 15,333.1 crore against ₹ 14,768.1 crore quarter-over-quarter. IT services earnings before interest and taxes (EBIT) grew 17.1 per cent to ₹ 3,320.4 crore against ₹ 2,835.1 crore quarter-over-quarter.

IT services EBIT margin stood at 21.7 per cent against 19.2 per cent quarter-over-quarter the highest in the last 22 quarters.

IT services dollar revenue grew 3.7 per cent to $2,071 million against $1,992.4 million quarter-over-quarter.

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