Wipro Limited announced financial results under International Financial Reporting Standards (IFRS) for its third quarter ended December 31, 2016.
Highlights of the Results
· Gross Revenues were ₨136.9 billion ($2 billion), an increase of 6.4% YoY.
· Net Income was ₨21.1 billion ($309 million), a decrease of 5.7% YoY.
· Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 0.6% sequentially and grew 6.2% YoY.
· IT Services Segment Revenue was $1,902.8 million, a sequential decrease of 0.7% and YoY increase of 3.5%
· IT Services Segment Revenue in Rupee terms was ₨132.0 billion ($1.9 billion), an increase of 7.2% YoY.
· IT Services Segment Profits was ₨24.2 billion ($355 million), a decrease of 1.3% YoY.
· IT Services Margins was 18.3% for the quarter, as compared to 17.8% for the quarter ended September 30, 2016.
· Wipro declared an interim dividend of ₨2($0.03) per share/ADS
For full results http://www.wipro.com/documents/investors/pdf-files/IFRS-Press-Release-Q3-FY17.pdf
