LIVE: Wipro Reports Q4 Earnings | Net Profit Falls 8% to Rs 2,835 Cr | CC Revenue Down 0.3% QoQ

Wipro Ltd said net profit fell 8 percent to Rs 2,835 crore for the fiscal fourth quarter, beating estimates. The company reported a profit of Rs 3,074.5 crore in the year-ago period. The software services company's revenue fell to Rs 22,208.3 crore in the three months ended March 31, according to an exchange filing on April 19. It reported consolidated revenue of Rs 23,190.3 crore in the year-ago period. IT services segment revenue was at $2,657.4 million, an increase of 0.1% sequentially and a decrease of 6.4% from a year earlier. In the quarter ending June 30, the company expects revenue from its IT Services business segment to be in the range of $2.62 billion to $2.67 billion. "This translates to sequential guidance of (-)1.5% to +0.5% in constant currency terms," Wipro said. Catch Stacy Pereira in conversation with Vinit Bolinjkar-Head of Research, Ventura Securities Ltd as they decode Wipro Q4 numbers
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