Wipro posts 6.3% YoY fall in Q4 profit

Wipro on Wednesday posted a 6.3 per cent year-on-year (YoY) decline in its net profit at Rs 2,326.1 crore for the quarter ended March 31, 2020. On a sequential basis, the numbers slipped 5.28 per cent.

Revenue from operations stood at Rs 15,711 crore, up 4.69 per cent against Rs 15,006.3 crore in the corresponding quarter of the previous fiscal. IT Services Segment Revenue was at $2,073.7 million, a decrease of 1 per cent QoQ while IT Services Operating Margin for the quarter was at 17.6 per cent, a decrease of 0.8 per cent QoQ.