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Bengaluru-based co declares Rs 6 per share interim dividend
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=> Wipro’s Dec qtr net profit zooms 24% to Rs 3,354 cr
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Wipro’s Dec qtr net profit zooms 24% to Rs 3,354 cr
New Delhi
IT services company Wipro on Friday reported a 24.4% year-on-year rise in its consolidated net profit for the just-ended December quarter at about Rs 3,354 crore.
The Bengaluru-based tech major saw its revenue from operations inch up by 0.5% to about Rs 22,319 crore. For the coming March quarter, Wipro sees revenue from its IT services business in the range of $2,602 million to 2,655 million, which translates into a sequential guidance of a decline of 1% to 1% growth, according to a regulatory filing.
It has declared an interim dividend of Rs 6 per equity share/ADS. Wipro board has approved a revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of three years.
Srini Pallia, CEO and Managing Director, said strong quarter execution helped the company deliver above the top end of revenue guidance in a seasonally weak quarter.
“We also achieved our highest margins in the past three years while continuing to invest in our people,” Pallia said in the statement.
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