Wipro Q4 net rises 28% on volume growth

Wipro posted a 27.eight% rise in web revenue to ₹2,972.three crore in This fall as gross income grew three.Four% to ₹16,245.Four crore, from a 12 months earlier. IT providers income grew three.eight% to $2.15 billion.Within the April-June quarter, it expects sequential IT providers income development within the 2%-Four% vary, excluding income from latest acquisitions Capco and Ampion. “That is one of the best fourth quarter outcomes we have now reported within the final 10 years,” mentioned its CEO and MD Thierry Delaporte. “This was led by good quantity development. Regardless of a steep decline within the first quarter due to the pandemic, we bounced again to complete the 12 months with solely a marginal decline of -1.Four% YoY,” he added.Working margin improved 340 foundation factors (bps) to 21% in This fall from a 12 months earlier. Gross revenues grew 1.5% to ₹61,943 crore in FY21 over the earlier 12 months. Internet revenue climbed 11.2% to ₹10,868 crore. Nevertheless, IT providers income declined 1.Four% to $eight.13 billion for FY21. Wipro is planning a pay elevate for senior executives in June. It employed greater than 7,000 individuals in This fall taking complete headcount to 197,712.

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