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IT major Wipro on Thursday posted a 27.7 per cent jump in consolidated net profit at Rs 2,972 crore for the Q4FY21, and exuded confidence of sustaining strong growth momentum in the coming quarters. Wipro had registered a net profit of Rs 2,326.1 crore in the year-ago period, as per Indian Accounting Standards. Its revenue from operations rose by 3.4 per cent to Rs 16,245.4 crore in the reported quarter from Rs 15,711 crore in the same period last fiscal.
Wipro which gets a bulk of its topline from IT services said it expects revenues from that unit to be in the range of USD 2,195 to USD 2,238 million in the June 2021 quarter. This translates into a sequential growth of 2-4 per cent. Wipro’s IT services segment revenue was at USD 2,152.4 million in March quarter, a sequential growth of 3.9 per cent.
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“Our Q4 performance was built on top of our momentum that we saw in the last quarter. We have reported a solid growth in revenue, healthy order booking and great execution, resulting in robust margins. This truly sets the stage for the next quarter and the next financial year,” Wipro CEO and Managing Director Thierry Delaporte told reporters. He added that revenue of 3.9 per cent in reported terms and 3 per cent in constant currency terms is at the top quartile of its guidance range.
