Wipro net falls 11% quarterly, 8% yearly for Q3

Bengaluru Jan 19 (IANS) Global software major Wipro Ltd on Friday reported Rs 1 940 crore net profit for the third quarter of fiscal 2017-18 registering 11.4 per cent sequential decline from Rs 2 190 crore a quarter ago and 8.3 per cent annually from Rs 2 115 crore in the same period a year ago.

In a regulatory filing on the BSE the IT major said gross revenue for the quarter under review at Rs 13 670 crore was marginally up (1.9 per cent) sequentially from Rs 13 420 crore a quarter ago and flat annually from Rs 13 689 crore in the like period year ago.

Under the International Financial Reporting Standard (IFRS) net income was $303 million and gross revenue $2 141 million.

Revenue from IT services at $2 013 million was flat sequentially from $2 014 million quarter ago but 5.8 per cent up annually from $1 903 million in like period year ago.

--IANS
fb/him/mr