Stay updated with breaking news from It Services. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year quarter.
Wipro dividend: IT major declared ₹1 dividend approved by the Board earlier at its meeting held on January 12th, 2024 as the final dividend for FY24
IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains 'uncertain'. The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a constant currency basis.
Tata Communications' weak margin performance in Q4 turned out to be the biggest dampener for brokerages. Its EBITDA margin contracted to 18.6% in Q4, down from 22.6% in the year-ago period.
Wipro share price: The stock, which has fallen 6 per cent in April so far, fell marginally to Rs 444.25, taking its recent fall to the fifth straight session.