Wipro Q4 consolidated net rises marginally to Rs 2,267 cr

Wipro Q4 consolidated net rises marginally to Rs 2,267 cr

Board approves bonus issue in the ratio of 1:1; standalone net rises 20% on sequential basis


Wipro, India's third largest software exporter said fourth quarter profits grew 0.4% to Rs 2,267 crore on revenues of Rs 13,987.5 crore, a jump of 2.6%

The Bengaluru-based IT services firm said IT services revenue grew 2.7% over the previous quarter to $1.96 billion. For the fourth quarter, Wipro had projected growth between $1.9 billion-$1.94 billion or 1-2%.

Read this: Wipro Q4 results out today: Five key things to watch out for



Wipro has forecast its IT services revenue in the first quarter of the fiscal 2018 to be in the range of $1.92 billion to $1.96 billion.

“We delivered revenues within the guidance range in our fourth quarter,” said Abidali Z Neemuchwala, Chief Executive Officer of Wipro. “We are confident that the recovery in Energy & Utilities and our demonstrated strength in Digital will help us improve our growth trajectory during the course of the current financial year.”

Wipro's larger rivals Infosys and TCS too faced business and currency challenges in the quarter.

The company board approved bonus issue in the ratio of 1:1.(read more)

Comments

Post a Comment

Popular posts from this blog

Tigor launched at Rs 4.7 lakh: Tata eyes a seat in Swift Dzire's market

Image
It comes in four variants in the price range of Rs 4.7 lakh to Rs 6.19 lakh Upping the ante in the crowded compact sedan category,  Tata Motors  on Wednesday launched Tata Tigor , its third product in the tax-efficient sub-four metre sedan segment. The biggest selling point for Tigor is its aggressive pricing. At Rs 4.7 lakh for the base petrol variant, Tigor is now the cheapest compact sedan in the country and even undercuts Tata’s existing models. For example, the largest-selling car in the segment - Swift Dzire - starts at Rs 5.27 lakh, while the base petrol version of Indigo CS, from the Tata stable, is priced at Rs 5.03 lakh. Besides Indigo CS, Tata Motors also sells the Zest in the segment, but has not been able to break the dominance of Maruti Suzuki’s Swift Dzire in the category. The compact sedan and hatchback category, accounted for over 40% of car sales in January 2017, at over 114,000 units. Maruti accounted for 56,000 cars in the category, with Swift D...
Read more

Xiaomi Redmi 4 goes on sale at 12 on Amazon: Here's all you need to know

Image
The Redmi 4 is a capable smartphone with a perfect screen size and resolution. Watch hands-on review Xiaomi's latest budget offering, the Xiaomi Redmi 4 , is going on sale at 12 noon on Tuesday, exclusively on Amazon India. In the first flash sale that took place on May 23, the smartphone had seen a huge interest from buyers and registered a record sales number of a whopping 250,000 units within the first eight minutes. According to Amazon.in, the Xiaomi Redmi 4 had recorded more than 10 million hits per minute on the site, after having received some 2.3 million ‘notify me’ alerts from customers since the launch announcement on May 16. Read this: Strike today: Chemists down shutters across India, protest e-platform plan The dual-sim budget smartphone with VoLTE capabilities is the latest offering from Xiaomi and offers an all-round performance. The Xiaomi Redmi 4 smartphone is available in three storage and RAM options – 16GB/2GB, 32GB/3GB and 64GB/4GB -- which ...
Read more

$500 bn Saudi mega-city to be listed alongside Aramco, says Crown Prince

Image
The 26,500-square km business and industrial zone, named NEOM, will extend into Jordan and Egypt LATEST NEWS :  The $500 billion mega-city planned by Saudi Arabia will be floated on financial markets alongside oil giant Saudi Aramco as part of the kingdom's drive to diversify away from oil, the crown prince told Reuters in an interview late on Wednesday. The 26,500-square km (10,230-square mile) business and industrial zone, named NEOM, will extend into Jordan and Egypt. It was unveiled on Tuesday at a three-day international investment conference. The surprise announcement is the latest - and most extraordinary - in a slate of privatisation programmes led by the floating of oil giant Saudi Aramco. The sales are designed to boost the Saudi economy and create jobs for millions of young people. "The first capitalist city in the world ... this is the unique thing that will be revolutionary," Crown Prince Mohammed bin Salman said. "Without a do...
Read more