Medilytix Bureau:

Top IT services major Wipro on Wednesday reported a flat consolidated net profit at Rs 2,969 crore (attributable to shareholders) for the quarter ending 31 December, 2021 (Q3FY22). The company had posted a net profit of Rs 2,968 crore in the year-ago period.

Its revenue from operations grew 29.6% to Rs 20,313.6 crore, from Rs 15,670 crore in the quarter ended December 2020. Of this, IT services segment revenue was at $2,639.7 million, an increase of 2.3% QoQ and 27.5% YoY.

Moreover, the company’s board also declared an interim dividend of Rs 1/- (USD 0.01) per equity share and ADR (50% of an equity share of par value of Rs 2/-), Wipro said in a regulatory filing.

As for the outlook for the quarter ending March 31, 2022, Wipro expects revenue from IT Services business to be in the range of $2,692 million to $2,745 million. This translates to a sequential growth of 2.0% to 4.0%.

The company’s IT operating margin was 17.6% versus 21.7% year ago. It said that it has added 7 new customers in the more than $100 million revenue league, in last 12 months.

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