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Wipro Q3 net profit falls 12% to ₹2,694 crore
The Morning Standard
|January 13, 2024
For O04, company expects revenue from IT services segment in range of 1.5% to 0.5% in constant currency terms
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FOR the fourth consecutive quarter, IT major Wipro has reported a fall in its consolidated net profit.
On Friday, it met Street estimates, and posted a 12% yearon-year (YoY) drop in net profit for the December quarter at ₹2,694 crore as against ₹3,053 crore it reported in the same quarter last year. Its revenues for Q3FY24 dropped 4.4% YoY to ₹22,205 crore. For Q4, the company expects revenue from its IT services business segment in the range of -1.5% to +0.5% in constant currency terms.
Dit verhaal komt uit de January 13, 2024-editie van The Morning Standard.
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