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WIPRO Q4 NET PROFIT 2016: RESULTS OF THE QUARTER ENDED MARCH 31, 2016 – 1.) Gross Revenues were Rs 136.3 billion ($2.1 billion1), an increase of 12% YoY. 2.) Net Income2 was Rs 22.4 billion ($337 million1), decrease of 2% YoY. 3.) Non-GAAP constant currency IT Services Revenue in dollar terms grew 2.7% to $1,887.6 million, within our guidance range of $1,875 million to $1,912 million. 4.) IT Services Revenue was $1,882.0 million, a sequential increase of 2.4% and YoY increase of 6.1%. 5.) IT Services Segment Revenues in Rupee terms was Rs 128.0 billion ($1,932 million1), an increase of 14% YoY. 6.) IT Services Segment Profit3 was Rs 25.7 billion ($387 million1), an increase of 4% YoY. 7.) IT Services Margins for the quarter was 20.1%. (PTI)
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1. Wipro Q3 results: Company saw revenues rising 7.1 per cent to Rs 12,951.6 crore in the said quarter from Rs 12,085.1 in the same period last year. (PTI)
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2. Wipro Q3 results: Company's IT services revenues stood at Rs 12,310 crore (USD 1.86 billion), an increase of 9 per cent year-on-year. (PTI)
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3. Wipro Q3 results: The company had already warned of a muted performance in this quarter on account of furloughs and Chennai-floods. It had said it expected to meet the lower half of its guidance range of USD 1,841-1,878 million. (Reuters)
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4. Wipro Q3 results: For the fourth quarter, Wipro expects its revenues from the IT services business to be in the range of USD 1,875 million to USD 1,912 million. (PTI)
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5. Wipro Q3 results: Company saw a pick-up in large deal closures led by global infrastructure services. Company added 39 new customers during the quarter. (Reuters)
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6. Wipro Q3 results: Wipro Chief Financial Officer Jatin Dalal said the impact on revenues from the Chennai floods were minimised significantly by execution of Business Continuity Plans (BCP). "The additional expenses incurred in deploying BCP impacted operating margins for the quarter," he added. (PTI)
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7. Wipro Q3 results: The operating margins for its IT services business, however, fell to 20.2 percent in the quarter ended December, from 21.8 percent a year earlier, due to heavy flooding in Chennai city, where it employs about 13 percent of its staff. (PTI)
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8. Wipro Q3 results: The IT services segment had a headcount of 1,70,664 as of December 31, 2015. (Reuters)
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3. Wipro: Global software major Wipro Ltd. will hire 25,000 more techies in Karnataka, especially Bengaluru, its chairman Azim Premji said on Wednesday.The city-headquartered Wipro group has global IT services, consumer care and lighting, aerospace and healthcare systems business with the US-based GE, among others.
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10. Wipro Q3 results: Revenue contribution from its energy, natural resources and utilities clients dropped to 14.4 percent in the December quarter from 16.4 percent in the year ago period, the company said in a statement. (Reuters)
Govt extended ITR AY 2025-26 deadline, but only 4.56 crore returns filed so far
