Q1FY18 Results: Wipro Ltd
Amir Shaikh / 20 Jul 2017
Wipro, one of the largest IT solution providers, reported its results for the quarter ended June 30, 2017 today.The company's total sales for Q1FY18 came in at Rs 13626.1 crore, which represents a 5.35 per cent sequential decline and 0.2 per cent YoY increase.
Wipro, one of the largest IT solution providers, reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 13626.1 crore, which represents a 5.35 per cent sequential decline and 0.2 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 2174.2 crores and its EBIT margin stood at 15.96 per cent.
The company reported PAT of Rs 2082.6 crore, which represents a sequential QoQ decline of 8.13 per cent and a YoY increase of 1.15 per cent.
The board of directors has approved buyback of Rs 11,000 crore at a buyback price of Rs 320 per share.
The outlook for the quarter ending September 30, 2017: Revenues from IT services business to be in the range of $1,962 million to $2,001 million.
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