Key Points
MUMBAI - Wipro Ltd reported disappointing numbers for the quarter ended December, with the consolidated net profit declining nearly 12% year-on-year (YoY) to Rs 2,694 crore..
For the nine months ended December, the software majors consolidated revenue rose a mere 0.4% to Rs 67,552 crore, whereas the net profit declined nearly 1% to Rs 8,211 crore...
For the quarter ended March, Wipro expects revenue from its IT Services business to be in the range of $2.62 billion to $2.67 billion..
In the December quarter, IT services segment revenue declined 2.1% sequentially to $2.66 billion...
We are building a more resilient, agile, and efficient organization which has helped us sustain our margins at 16%, a 63 basis point improvement on a year-to-date basis despite revenue headwinds and absorbing the impact of the investments we are making for growth and people, Iyer said.. Attrition Levels..
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