Wipro revenue grows 1.3% to $2.1 bn in Dec quarter

Wipro said its IT services revenue grew 1.3 percent year-on-year 3.9 percent sequentially to $2.071 billion for the December quarter.
Wipro at MWC 2018“Wipro has delivered a second consecutive quarter of strong performance on order booking, revenue and margins. Five of our sectors grew over 4 per cent sequentially. We closed our largest ever deal win in Continental Europe,” Wipro CEO and Managing Director Thierry Delaporte said in a statement.

The demand environment is steadily improving, especially for digital transformation, digital operations, and cloud services, he added.

The company’s revenue from IT products during the quarter was about Rs 160 crore (USD 21.3 million), while that from Indian state run enterprises business was Rs 240 crore (USD 32.8 million).

Wipro on Wednesday posted an about 21 percent increase in consolidated net profit at Rs 2,968 crore for the December 2020 quarter.

Its revenue from operations grew nearly 1.3 percent to Rs 15,670 crore from Rs 15,470.5 crore in the quarter ended December 2019.

Wipro, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of USD 2,102 million to USD 2,143 million in the March 2021 quarter. This translates into a sequential growth of 1.5 percent to 3.5 percent for the March quarter.