Get Quotes
SENSEX
38369.63

-37.38
NIFTY
11308.40

-14.10
GOLD
51976.00

47.00
SILVER
65550.00

-1,384.00
CRUDEOIL
3165.00

34.00
USD-INR
74.91

0.11
EUR-INR
87.80

-0.39
Home  >  News  > Hot Pursuit
Hot Pursuit
Select Items
Wipro reports Q3 profit of Rs 2455.9 crore, down 3.79% QoQ Back
(17:26, 14 Jan 2020)

IT services segment revenue rose 3.03% to Rs 15,100.60 crore crore in Q3 December 2019 over Q2 September 2019.

In dollar terms, IT services segment revenue was at $2,094.8 million, a sequential growth of 2.2%.

The company expects revenue from IT services business to be in the range of $2,095 million to $2,137 million. This translates to a sequential growth of 0.0% to 2.0%.

Abidali Z. Neemuchwala, CEO and managing director said, “We have delivered a good quarter with secular growth across all business units, geographies and practices. We remain focused on deepening our customer relationships, converting our funnel and winning large deals.”

Jatin Dalal, chief financial officer said, “We expanded operating margins by 0.3% aided by a favorable movement in the currency. Further, we generated strong operating cash flows led by disciplined execution at 124% of our net income.”

Wipro declared an interim dividend of Re 1 per equity share to be payable on the record date on 27 January 2020.

The effective tax rate for Q3 December 2019 stood at 20% as against 18.3% in Q2 September 2019 and 21.5% in Q3 December 2018.

The IT major's gross cash stood at Rs 35,089.30 crore as on 31 December 2019.

Wipro is a global information technology, consulting and business process services company.

Powered by Capital Market - Live News

NIFTY
Wednesday, August 12, 2020   Adani Ports :  341.20    (+6.20)  ||  Asian Paints :  1797.25    (+7.70)  ||  Axis Bank :  451.10    (+3.10)  ||  B P C L :  421.80    (-7.45)  ||  Bajaj Auto :  3023.00    (+15.55)  ||  Bajaj Finance :  3418.25    (-39.15)  ||  Bajaj Finserv :  6357.20    (-83.15)  ||  Bharti Airtel :  547.70    (-3.40)  ||  Bharti Infratel :  194.65    (+0.35)  ||  Britannia Inds. :  3809.75    (-69.80)  ||  Cipla :  762.10    (-15.90)  ||  Coal India :  128.70    (-1.40)  ||  Dr Reddy's Labs :  4518.15    (-77.75)  ||  Eicher Motors :  22116.65    (+674.00)  ||  GAIL (India) :  98.05    (+0.75)  ||  Grasim Inds :  626.15    (+1.90)  ||  H D F C :  1814.20    (-12.55)  ||  HCL Technologies :  717.10    (+33.30)  ||  HDFC Bank :  1063.70    (-2.95)  ||  HDFC Life Insur. :  608.75    (+0.00)  ||  Hero Motocorp :  2774.00    (+61.15)  ||  Hind. Unilever :  2195.10    (-15.55)  ||  Hindalco Inds. :  175.80    (-3.15)  ||  I O C L :  85.85    (-1.20)  ||  ICICI Bank :  366.85    (-0.50)  ||  IndusInd Bank :  520.65    (-1.35)  ||  Infosys :  954.95    (+6.50)  ||  ITC :  204.20    (+1.15)  ||  JSW Steel :  256.80    (+3.05)  ||  Kotak Mah. Bank :  1335.10    (-29.50)  ||  Larsen & Toubro :  949.75    (-12.15)  ||  M & M :  634.95    (+5.40)  ||  Maruti Suzuki :  6730.30    (+81.10)  ||  Nestle India :  16540.85    (-81.95)  ||  NTPC :  88.70    (+0.45)  ||  O N G C :  78.10    (-0.35)  ||  Power Grid Corpn :  178.05    (+1.20)  ||  Reliance Industr :  2127.60    (-6.20)  ||  Shree Cement :  21378.90    (-172.70)  ||  St Bk of India :  203.30    (+8.25)  ||  Sun Pharma.Inds. :  532.15    (-8.90)  ||  Tata Motors :  125.35    (+3.05)  ||  Tata Steel :  414.50    (-1.95)  ||  TCS :  2257.35    (-22.55)  ||  Tech Mahindra :  692.05    (+17.25)  ||  Titan Company :  1056.35    (-9.90)  ||  UltraTech Cem. :  3999.65    (+30.90)  ||  UPL :  487.15    (+5.25)  ||  Wipro :  276.20    (-3.45)  ||  Zee Entertainmen :  161.25    (+1.50)  ||