Wipro Q4 net rises 28% on volume growth
The Hindu
‘Q1 revenue to grow 2-4% sequentially’
Wipro posted a 27.8% rise in net profit to ₹2,972.3 crore in Q4 as gross revenue grew 3.4% to ₹16,245.4 crore, from a year earlier. IT services revenue grew 3.8% to $2.15 billion. In the April-June quarter, it expects sequential IT services revenue growth in the 2%-4% range, excluding revenue from recent acquisitions Capco and Ampion. “This is the best fourth quarter results we have reported in the last 10 years,” said its CEO and MD Thierry Delaporte. “This was led by good volume growth. Despite a steep decline in the first quarter because of the pandemic, we bounced back to finish the year with only a marginal decline of -1.4% YoY,” he added.
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