NEW DELHI: Software companies exporter Wipro on Wednesday reported a 5.93 per cent fall in its consolidated internet revenue for the fourth quarter ended March 31.
The Bengaluru-based firm posted a internet revenue of Rs 2,345 crore as towards a internet revenue of Rs 2,493 posted identical interval final 12 months.
On quarterly foundation, the corporate reported a 4.51 per cent fall in its internet revenue for the March quarter, as towards a revenue of Rs 2,456 crore in December quarter.
The firm’s income from operations grew 4.6 per cent to Rs 15,711 crore through the interval underneath evaluation from Rs 15,006 crore in the identical quarter final 12 months.
Due to uncertainty across the course of the COVID-19 pandemic, the IT companies agency mentioned that it doesn’t have visibility into the extent to which it should disrupt operations, and therefore determined to not present income steerage for the quarter ending June 30, 2020.
“We anticipate that we will resume providing revenue guidance when we have increased certainty of both demand and supply side factors,” it mentioned.
Abidali Neemuchwala, CEO and managing director of Wipro mentioned, “In these unprecedented times, I am extremely proud of how the Wipro team has come together and worked 24×7 to ensure the safety and well-being of each other while continuing to serve our clients. We hope that all of us stay safe and strong during these tough times. We are confident that our broad portfolio of services and our ability to execute to our commitments makes us well-positioned to gain market share.”
The Board of Wipro Ltd has not beneficial any last dividend. The interim dividend of Rs 1 declared at an earlier assembly shall be thought of as the ultimate dividend for the monetary 12 months 2019-20. Thus, the full dividend for the monetary 12 months 2019-20 stays Rs 1 per fairness share.
Commenting on the incomes scorecard, Jatin Dalal, Wipro’s chief monetary officer (CFO) mentioned: “The quarters ahead seem challenging and require a tremendous response on costs. We also anticipate our working capital to increase, but our strong balance sheet provides us the confidence that we will emerge stronger and better.”
The Bengaluru-based firm posted a internet revenue of Rs 2,345 crore as towards a internet revenue of Rs 2,493 posted identical interval final 12 months.
On quarterly foundation, the corporate reported a 4.51 per cent fall in its internet revenue for the March quarter, as towards a revenue of Rs 2,456 crore in December quarter.
The firm’s income from operations grew 4.6 per cent to Rs 15,711 crore through the interval underneath evaluation from Rs 15,006 crore in the identical quarter final 12 months.
Due to uncertainty across the course of the COVID-19 pandemic, the IT companies agency mentioned that it doesn’t have visibility into the extent to which it should disrupt operations, and therefore determined to not present income steerage for the quarter ending June 30, 2020.
“We anticipate that we will resume providing revenue guidance when we have increased certainty of both demand and supply side factors,” it mentioned.
Abidali Neemuchwala, CEO and managing director of Wipro mentioned, “In these unprecedented times, I am extremely proud of how the Wipro team has come together and worked 24×7 to ensure the safety and well-being of each other while continuing to serve our clients. We hope that all of us stay safe and strong during these tough times. We are confident that our broad portfolio of services and our ability to execute to our commitments makes us well-positioned to gain market share.”
The Board of Wipro Ltd has not beneficial any last dividend. The interim dividend of Rs 1 declared at an earlier assembly shall be thought of as the ultimate dividend for the monetary 12 months 2019-20. Thus, the full dividend for the monetary 12 months 2019-20 stays Rs 1 per fairness share.
Commenting on the incomes scorecard, Jatin Dalal, Wipro’s chief monetary officer (CFO) mentioned: “The quarters ahead seem challenging and require a tremendous response on costs. We also anticipate our working capital to increase, but our strong balance sheet provides us the confidence that we will emerge stronger and better.”
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