Wipro financial results for December quarter

Wipro announced financial results for the quarter ended December 31, 2021.
Wipro at MWC 2018
Gross Revenue was Rs 203.1 billion ($2.7 billion1), an increase of 3.3 percent QoQ and 29.6 percent YoY

IT Services Segment Revenue was at $2,639.7 million, an increase of 2.3 percent QoQ and 27.5 percent YoY

Non-GAAP2 constant currency IT Services Segment Revenue increased by 3.0 percent QoQ and 28.5 percent YoY

IT Services Operating Margin3 for the quarter was at 17.6 percent, a decrease of 19 bps QoQ

Net Income for the quarter was Rs 29.7 billion ($399.1 million1), increase of 1.3 percent QoQ

Earnings Per Share for the quarter was at Rs 5.43 ($0.071), an increase of 4.2 percent YoY

Operating Cash Flow was at Rs 30.1 billion ($404.2 million1), which is 101.3 percent of Net Income

Wipro said the number of employees for IT Services was at 231,671, an increase of 41,363 employees on a net basis YoY. Wipro added 10,306 employees during the quarter.

Wipro expects revenue from IT Services business to be in the range of $2,692 million to $2,745 million. This translates to a sequential growth of 2.0 percent to 4.0 percent.

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