The company reported a near 4 per cent quarter-on-quarter growth in consolidated revenues to Rs 16,245.4 crore for the quarter, which was also higher than analysts’ estimate of Rs 15,956.4 crore.
The company reported revenues of Rs 15,891.7 crore from information technology services, up 3.7 per cent from the previous quarter.
The company said that it expects revenues from IT services to grow 2-4 per cent on a sequential basis in the June quarter. It said that the revenue from IT services business will be in the range of $2.195 billion to $2.238 billion in the June quarter.
“We are excited with this wave of business momentum that we are witnessing. All key markets are now growing on a YoY basis and this provides us a solid foundation to build on next year’s growth rates,” said Chief executive officer and managing director Thierry Delaporte.
On a constant currency basis, the IT services segment’s revenues grew 3 per cent sequentially, the company said. Wipro said its IT services operating margin for the quarter stood at 21 per cent, an expansion of 344 basis points on-year.
The company’s attrition rate during the quarter stood at 12.1 per cent, higher than 11 per cent reported in the December quarter.
For the financial year ended March, the company’s revenues rose 1.5 per cent to Rs 61,943 crore, while net profit grew around 11 per cent to Rs 10,866 crore.
Shares of the company ended 2.8 per cent higher at Rs 430.7 on the National Stock Exchange.
