logo
Plus   Neg
Share
Email

Wipro Q1 Profit, Revenues Edge Up - Quick Facts

India-based software services company Wipro Ltd. (WIT) reported Tuesday that first-quarter net income attributable to equity holders was 24.11 billion Indian rupees or $318 million, edging up 0.1 percent from last year's 24.02 billion rupees.

Earnings per share were 4.19 rupees or $0.06, 5.7 percent higher than 3.96 rupees last year.

Gross revenues for the quarter grew to 149.13 billion rupees or $1.97 billion, up 1.3 percent from 147.16 billion rupees a year ago.

Adjusted non-GAAP constant currency IT Services segment revenue in dollar terms declined 5.7 percent from last year. IT Services Segment Revenue in dollar terms was $1.92 billion, a decrease of 5.7 percent.

Jatin Dalal, CFO said, "We expanded the margins during the quarter, despite lower revenues, on the back of solid execution of several operational improvements and rupee depreciation."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A new class-action lawsuit filed against Facebook accuses the company's photo and video-sharing app Instagram of illegally collecting biometric data of as many as 100 million users without their consent, according to reports. The lawsuit filed in a state court in California, alleges that Instagram uses its photo-tagging technology to create a database of users' facial features. Stein Mart, Inc. has joined the ever growing list of U.S. retailers who filed for bankruptcy protection amid the ongoing coronavirus (COVID-19) pandemic. The beleaguered off-price retailer filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Middle District of Florida. United Airlines said it is adding up to 28 daily nonstop flights this winter to Florida, in its efforts to manage the impact of COVID-19. The airline is increasing services to 'destinations where customers most want to fly'. The new round trip services will connect customers in Boston, Cleveland, Indianapolis, Milwaukee, New York/LaGuardia, Pittsburgh and Columbus, Ohio to four popular Florida...
Follow RTT