Software major Wipro net dips 6.3% in fourth quarter

Bengaluru: Software major Wipro on Wednesday reported Rs 2,330 crore consolidated net profit for the fourth quarter of fiscal 2019-20, registering 6.3 per cent annual decline.

In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the quarter (Q4) under review, however, rose 4.2 per cent year-on-year (YoY) to Rs 15,710 crore.

Revenue from the company’s flagship IT services grew 1 per cent sequentially to $2,074 million in the last quarter.

Under the International Financial Reporting Standards (IFRS) in dollar terms, the net income for the quarter was $309 million and gross income $2,100 million. (IANS)

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