Q3FY17 results: Wipro Ltd.

Wipro Ltd. reported its results for the quarter ended December 31, 2016 post market hours today.

The total sales for Q3FY17 came in at Rs 13764.5 crore, which represents a 1 per cent sequential decline and 6.28 per cent YoY increase.

The operating profit (EBIT) for the quarter amounted to Rs 2323.6 crore and the EBIT margin stood at 16.88 per cent.

The company reported PAT of Rs 2109.6 crore, which represents a sequential QoQ increase of 1.89 per cent and a YoY decline of 5.7 per cent.

Its IT services segment revenue in constant currency grew 0.6 per cent QoQ in line with the company’s guidance. The quarterly annualized attrition has reduced by 1.8 per cent to 15.4 per cent. Further, the company completed the acquisition of Appirio in November 2016.

The company's stock, which opened for trading at Rs 479.1 on the BSE, fell 1.59 per cent compared to previous close of Rs 481.1. After today’s trading session, the stock closed at Rs 473.45.

Wipro Ltd is a global IT services, BPO and product engineering company. It also has a presence in consumer products and lighting solutions market. The company provides its services to many sectors and industries, namely, aerospace, automotive, banking, healthcare, telecommunication, consumer electronics, retail, media, manufacturing, public infrastructure, utilities and many more.