Wipro : Q4FY17 results
Amir Shaikh / 25 Apr 2017
The company gave revenue guidance for its IT services business in the range of USD 1,915 million to USD 1,955 million.
IT giant, Wipro Ltd. reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q4FY17 were Rs 14470.2 crore, which represents a 5.13 per cent sequential increase and 5.3 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 2482.8 crore and its EBIT margin stood at 17.16 per cent.
The company reported PAT of Rs 2261.1 crore, which represents a sequential QoQ increase of 7.19 per cent and a YoY increase of 1.03 per cent.
In FY2016-17, Wipro’s revenue rose 8.1 per cent YoY to Rs 55826 crore, but its net profit declined 4.7 per cent to Rs 8490 crore during the same period.
The company gave revenue guidance for its IT services business in the range of USD 1,915 million to USD 1,955 million.
The board of directors will consider a proposal for buyback of equity shares of the company around July 2017.
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