Wipro CFO Jatin Dalal, President and COO B.M. Bhanumurthy, CEO Abidali Neemuchwala and Chief Human Resources Officer Saurabh Govil during a press conference where the company announced financial results for the first quarter (Q1) of fiscal 2019-20, in Bengaluru on July 17, 2019.
Wipro CFO Jatin Dalal, President and COO B.M. Bhanumurthy, CEO Abidali Neemuchwala and Chief Human Resources Officer Saurabh Govil during a press conference where the company announced financial results for the first quarter (Q1) of fiscal 2019-20, in Bengaluru on July 17, 2019.
Wipro on Wednesday reported Rs 2,390 crore net profit for the first quarter of FY20, registering 12.6 percent annual growth from Rs 2,094 crore in the same period a year ago. Sequentially, net profit declined 4.2 percent from Rs 2,494 crore a quarter ago.
In a regulatory filing on the BSE, the city-based IT behemoth said total revenue in Q1 grew by 5.3 percent to Rs 14,720 crore from Rs 13,978 crore in Q1FY19. Sequentially, the revenue growth remained flat (0.2 percent) from Rs 15,006 crore a quarter ago.
IT services business grew 4.3 percent to Rs 14,189 crore for the quarter from Rs 13,841 crore a year ago but declined 5 percent sequentially from Rs 14,565 crore.
Under the International Financial Reporting Standard (IFRS), net income for the quarter was $346 million, revenue $2.14 billion and IT services $2,039 million.
Operating margin for the quarter marginally increased to 18.4 percent from 17.6 percent a year ago but declined from 19 percent a quarter ago.
Amazon announces new layoffs in books division, including Kindle and Goodreads roles
India won the Presidency of the International Institute of Administrative Sciences (IIAS) for the 2025–2028 term
Ministry of Social Justice and Empowerment launched the National Waste Picker Enumeration App as part of the NAMASTE initiative
The Udhampur–Srinagar–Baramulla Rail Link (USBRL) Project will be completed when the Indian Prime Minister formally opens the Chenab Railway Bridge
India launched the "Ayush Nivesh Saarthi" platform: to establish India as a global centre for wellness and traditional medicine entrepreneurship
RBI flags limited policy room after 50 bps rate cut, signals cautious road ahead
Bollywood icon Jeetendra sells 2.3-acre Mumbai Andheri land for ₹855 crore to tech giant
PM Modi opens world’s highest rail bridge, flags off Kashmir’s first Vande Bharat
SC pushes NEET PG to August 3, orders single-shift exam to restore fairness
Elon Musk threatens to pull Dragon spacecraft as feud with Trump escalates
Amazon announces new layoffs in books division, including Kindle and Goodreads roles
India won the Presidency of the International Institute of Administrative Sciences (IIAS) for the 2025–2028 term
Ministry of Social Justice and Empowerment launched the National Waste Picker Enumeration App as part of the NAMASTE initiative
The Udhampur–Srinagar–Baramulla Rail Link (USBRL) Project will be completed when the Indian Prime Minister formally opens the Chenab Railway Bridge
India launched the "Ayush Nivesh Saarthi" platform: to establish India as a global centre for wellness and traditional medicine entrepreneurship
RBI flags limited policy room after 50 bps rate cut, signals cautious road ahead
Bollywood icon Jeetendra sells 2.3-acre Mumbai Andheri land for ₹855 crore to tech giant
PM Modi opens world’s highest rail bridge, flags off Kashmir’s first Vande Bharat
SC pushes NEET PG to August 3, orders single-shift exam to restore fairness
Elon Musk threatens to pull Dragon spacecraft as feud with Trump escalates
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech