IT companies firm Wipro on Thursday reported its consolidated revenue at Rs 2,972 crore for the fourth quarter of the monetary yr 2020-21. The web revenue grew by 28 per cent year-on-year. The firm’s income stood at Rs 16,334 crore for a similar interval. The income progress in fixed forex stood at three per cent for the fourth quarter of fiscal 2020-21 and the topline progress in greenback phrases was at 3.9 per cent. (Also Read: Wipro Gains Ahead Of Fourth Quarter Earnings Announcement )
The IT companies’ earnings earlier than curiosity and tax (EBIT) grew by 1.1 p.c QoQ to Rs 3,417 crore and margin contracted 80 bps QoQ at 20.92 p.c for This fall of FY21.
“We delivered a third consistent quarter of strong revenue growth, deal wins and operating margins. We also announced our largest ever acquisition of Capco that will bolster global financial services sector,” mentioned Thierry Delaporte, CEO and Managing Director.
He additional knowledgeable that the corporate additionally introduced its largest ever acquisition of Capco that may bolster their our world monetary companies sector.
“We are excited with this wave of business momentum that we are witnessing. All key markets are now growing on YoY basis and this provides us a solid foundation to build on next year growth rates,” Mr Delaporte added.