logo
Plus   Neg
Share
Email

Wipro Q4 Profit, Revenues Decline - Quick Facts

India-based software services company Wipro Ltd. (WIT) reported Wednesday that fourth-quarter net income attributable to equity holders was 18.03 billion Indian rupees or $277 million, down from last year's 22.61 billion rupees.

Earnings per share were 4.00 rupees or $0.06, lower than 4.66 rupees last year.

Gross revenues were 137.69 billion rupees or $2.12 billion, a decline from 139.88 billion rupees a year ago.

Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 2.5 percent from last year. IT Services Segment Revenue was $2.06 billion, an increase of 5.5 percent.

Looking ahead, for the first quarter, the company expects revenues from IT Services business to be in the range of $2.015 billion to $2.065 billion.

The company said it will revise the outlook for the quarter based on the actual date of completion of the divestment of its hosted data center services business to Ensono.

Further, the company said its Board of Directors declared an interim dividend of 1 rupee per equity share for the financial year 2017-18. The Board now recommends adoption of the interim dividend as the final dividend for the financial year 2017-18.

The company also completed a buyback of 1.10 billion rupees in December 2017.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Justice has reached a settlement agreement with a Texas-based Taco Bell franchise owner for immigration-related discrimination against certain employees. The settlement resolves the DOJ's investigation into whether MUY Brands LLC, and a related management company, MUY Consulting Inc., violated the Immigration and Nationality Act. Starbucks is gearing up for the upcoming holiday season by introducing its 2019 holiday flavors in U.S. grocery stores. The launch of the coffee giant's holiday line-up this year includes returning holiday favorites as well as a new item. Customers can now take home products that are making a comeback such as Starbucks Holiday Blend K-Cup and Ground Coffee, Peppermint Mocha Flavored Ground Coffee, Peekay International issued a recall of 7 ounce and 14 ounce packs containing Keshav Dry Apricot food treats as they contain undeclared allergens such as sulfites, according to a statement published by The U.S. Food and Drug Administration. Consumption of the product by those allergic or having severe sensitivity to sulfites could run the risk of serious or life-threatening allergic reactions.
RELATED NEWS
Follow RTT
>