Wipro will report fourth-quarter earnings on April 29
On Friday, April 29, 2022, the IT company Wipro will report its fourth-quarter earnings.
Wipro announced on Friday that the company’s board of directors would announce results for the fourth quarter. Also fiscal year ended March 31, 2022, on Friday, April 29, 2022, following stock market trading hours. Following the announcement of the results, senior management will discuss the company’s performance for the quarter and year to date at 7:30 p.m. on the same day.
In Q3 FY22, the IT behemoth reported a 1.3 percent increase in consolidated net profit to Rs 2,970 crore on a 3.3 percent increase in revenue from operations to Rs 20,313.6 crore over Q2 FY22.
Wipro’s gross revenue in the third quarter of the fiscal year ended 2022 was $2.7 billion in dollars. The payment for the IT services segment was $2,639.7 million, up 2.3 percent QoQ and 27.5 percent year on year. The operating margin for IT services was 17.6 percent, a 19 basis point decrease from the previous quarter.
Wipro expects revenue from its IT services business to range between $2,692 million also $2,745 million. This corresponds to a sequential growth rate of 2% to 4%.
Wipro is a multinational information technology, consulting, also business process outsourcing firm.
