Wipro Q4 profit slips 6%
New Delhi, April 15
IT major Wipro on Wednesday posted nearly 6% decline in consolidated net profit to Rs 2,345.2 crore for January-March 2020 quarter, and suspended revenue growth guidance due to uncertainty in the external environment amid coronvirus pandemic.
Wipro, which is the first among its peers to announce financial numbers for the quarter, said it will resume providing revenue guidance after it sees “increased certainty” on demand and supply side factors.
The company’s net profit stood at Rs 2,493.9 crore in March 2019 quarter. It posted a 4.6% rise in revenue at Rs 15,711 crore in January-March quarter compared to Rs 15,006.3 crore in the year-ago period. — PTI
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