New Delhi: Software services giant Wipro Ltd today reported strong results for the last quarter of the last financial year (2021–22). On a consolidated basis, Q4 (January-March) net profit rose 4% to Rs. 3,093 crores. During the same period last year (2020–21), Rs. 2,974 crores. Total income jumped 28 percent to Rs. 20,860 crore. Earlier in Q4, Rs. Announced revenue of Rs 16,245 crore. It expects 1–3 percent growth in the first quarter of this year (2022–23). Versace estimates revenue of $ 274.8–280.3 billion for April – June (Q1). It is expected to grow by 16–18% for the full year.
Well done last year
For the full year ended March, Wipro Consolidated's net profit rose nearly 13 percent to Rs. 12,233 crore. In 2020–21, Rs. Earned only Rs 10,866 crore. Total income jumped 28% to Rs. 79,747 crores. Last year it was Rs. Achieved a turnover of Rs 62,234 crore. Wipro MD, CEO of Theory Delaporte, said last year's revenue was $ 10.4 billion. Revealed to have received the first $ 10 billion milestones. The industry reported the highest growth of 27% on an annual basis. The latest Q4 reported strong earnings growth (3%) for the sixth consecutive quarter.
Record profit
Wipro CFO Jatin Dalal said last year it had the highest net profit in the company's history at $ 1.6 billion. It has revealed that it has added 8 new customers in the $ 10 billion segments with a special focus on clients. Reported 17.7% maintenance margins. Delaporte said it was receiving double-digit growth with the acquisition of Capco. Q4 reported winning two clients in the new $ 10 billion segments and three clients in the $ 5 million segment.
Other highlights
- At the same time as Wipro, the attrition rate is 23.8%. However, it was down 5% quarter-wise.
- Employed 19,000 freshers last year. The company added a total of 45,416 people, the highest in its history.
- It plans to employ 38,000 freshers this fiscal year (2022–23).
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