logo
Plus   Neg
Share
Email

Wipro Q4 Profit, Revenues Rise - Quick Facts

India-based software services company Wipro Ltd. (WIT) reported Tuesday that fourth-quarter net income attributable to equity holders was 24.83 billion Indian rupees or $359 million, up from last year's 18.03 billion rupees.

Earnings per share were 4.12 rupees or $0.06, higher than 3.00 rupees last year.

Gross revenues were 150.06 billion rupees or $2.17 billion, up from 137.69 billion rupees a year ago.

Looking ahead, for the first quarter, the company expects revenues from IT Services business to be in the range of $2.046 billion to $2.087 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration or FDA announced on its website that pharma major Pfizer, Inc. issued recall of two lots of tablets meant to treat acute migraine in adults for concerns over bacteria infection. The pharma company is recalling two lots of Relpax (eletriptan hydrobromide) 40 mg tablets for potential presence of Genus Pseudomonas and Burkholderia bacteria. Cosmetics company Revlon Inc. (REV) is reportedly considering a potential sale of parts or all of its business. According to Bloomberg, Revlon has retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives. No deal has been reached yet, but Revlon is exploring all... China's Lenovo Group Ltd. warned it may have to raise prices of its products if the U.S. moves ahead with the decision to impose additional tariffs on Chinese goods, according to a report by Reuters. The warning by Lenovo, the world's largest PC maker, comes amid the escalating trade war between the U.S. and China that has raised concerns about the global economic outlook.
Follow RTT