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Wipro Q3 Results 2022: Profit flat at ₹2,969, declares interim dividend

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Wipro Chairman and CEO took $1.8 million & $10.5 million Home in FY22; Deets Inside

Wipro Q3 Results 2022: IT company Wipro Limited on Wednesday released its Q3 Results for the Financial year 2022 (Q3FY22). Let us tell you, the company has reported a net profit of ₹ 2,969 crores for the December quarter (Q3FY22). Profit was almost flat as compared to ₹ 2,968 crore reported in the year-ago period.

Let us tell you, In the previous September quarter Wipro had reported a net profit of ₹2,930 crores.

Meanwhile, the company’s board has also declared an interim dividend, which will be ₹1 per equity share.

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According to the report released by a leading IT company, Wipro’s revenue from operations rose 29.6% to ₹20,313 crores as compared to ₹15,670 crores in the last year.

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“Wipro has delivered a fifth consecutive quarter of strong performance, both on revenues, and margins. Order bookings have been strong too, and we have added seven new customers in the more than $100 million revenue league, in the last 12 months,” Thierry Delaporte, CEO and Managing Director of Wipro said in a statement.

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“Our strategy and improved execution continue to serve us well, and we are confident of building on this momentum. We are also excited to have completed the acquisitions of Edgile and LeanSwift Solutions in the quarter, both of which will add to our capabilities significantly,” Delaporte said.

According to Jatin Dalal, Wipro Chief Financial Officer, the company was able to improve working capital, by reducing Days Sales Outstanding. “This has resulted in strong operating cash flow conversion, of 101.3 per cent of net income. Additionally, we have declared an interim dividend of Re 1 per equity share,” Dalal said.

(With Agency Inputs)

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