Wipro Reports 29.6 Per Cent YoY Jump in Q3 Profit at Rs 2,544 Crore
Global software major Wipro on Friday reported Rs 2,544 crore net profit for the third quarter of fiscal 2018-19, registering 29.6 per cent annual growth, up from Rs 1,936 crore in the same period a year ago.
Bengaluru, January 18: Global software major Wipro on Friday reported Rs 2,544 crore net profit for the third quarter of fiscal 2018-19, registering 29.6 per cent annual growth, up from Rs 1,936 crore in the same period a year ago.
In a regulatory filing on the BSE, the Bengaluru-based IT firm said gross income for the quarter (Q3) under review grew 10.2 per cent year-on-year (YoY) to Rs 15,060 crore from Rs 13,669 crore in the like period a year ago.
Under the International Financial Reporting Standards, net income was $366 million and gross income $2,200 million for the quarter.
Revenue from global IT services business was $2,047 million for the quarter, up 3.8 per cent YoY from $1,973 million and 1.8 per cent sequentially from $2,010 million a quarter ago.
(The above story first appeared on LatestLY on Jan 18, 2019 06:55 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).