Wipro Q4 Results Profit falls 2% YoY to Rs 3,502 crore; revenue rises 8%
News Source : The Times of India
News Summary
- Wipro's net profit dipped 2% to Rs 3,502 crore in the March quarter, despite an 8% revenue increase to Rs 24,236 crore.
- The IT services segment saw sluggish growth, with revenue up only 0.6% sequentially.
- The company announced a significant Rs 15,000 crore share buyback, signaling confidence amidst cost pressures and declining operating margins.Why PNG for every kitchen remains a pipe dream amid LPG crunch.
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IT services major Wipro on Thursday reported a 2% fall in its consolidated net profit at Rs 3,502 crore for the Marchended quarter. The companys board has also approved a Rs 15,000 crore buyback alo [+2327 chars]
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