Wipro Q3 Results – Highlights
Wipro Q3 Results were just announced. Here are the highlights:
- Revenues were $ 1,838.3 Mn ($ 1,861 Mn realized at a higher exchange rate) for the quarter; QoQ growth was 1.4% in constant currency terms
- IT Services profit was $ 375 million for the quarter at a Profit margin of 20.2%
- Earnings per share (EPS) was $ 0.14
- Says it sees continued traction for Digital and Cloud capabilities.
- Mention of a multi-year global infrastructure support engagement with one of the largest medical devices companies in the world.
- Completed the acquisition of cellent and signed agreement to acquire Viteos
- Chennai floods had no material impact
- Abidali Neemuchwala set to take over as CEO
- Headcount increased by 2,268 to 170,664.
- Guidance for Q4 is 1,875-1,912 Mn $
Earnings were generally on par with expectations.
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