Wipro Q3 result: Posts QoQ decline in revenue, announces dividend - 10 key highlights

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Wipro on Friday, January 12, reported a 1.8 per cent quarter-on-quarter (QoQ) increase in its net income to ₹2,690 crore ($323.9 million) for the third quarter of the current financial year (Q3FY24). However, its revenue from operations declined year-on-year (YoY) and QoQ and profit also fell year-on-year. “In a seasonally soft quarter, deal booking momentum remained strong.

Our large deals recorded a 20 per cent year-to-date growth. Further, we are starting to see early signs of a return to growth in consulting, as demonstrated by the double-digit growth in order bookings in our Capco business," said Thierry Delaporte, CEO and Managing Director of Wipro. Also Read: Wipro Q3 Results Live Updates: IT major reports 12% YoY decline in net profit, revenue at ₹22,205 cr “Under our ai360 strategy, AI is now embedded across most of our existing solutions and client offerings.

We’re deploying AI internally across all business and functional areas as well, with the goals of efficiency, productivity, and scale. We are confident that these investments will allow us to capitalize on emerging opportunities, as the macro environment improves," Delaporte said. Here are 10 key highlights of Wipro's Q3 scorecard: 1.

Wipro's consolidated revenue from operations declined 4.4 per cent YoY and 1.4 per cent QoQ to ₹22,205.1 crore. In the same quarter last year, Wipro's revenue was ₹23,229 crore while in Q2FY24, the IT firm's revenue was ₹22,515.9 crore. The company's IT services segment revenue for the quarter stood at $2,656.1 million, down 2.1 per cent QoQ.

2. Wipro's consolidated profit for the quarter under review stood at ₹2,700.6 crore, up 1.2 per cent QoQ but down 11.9 per cent YoY. The company's profit in Q2FY24 was ₹2,667.3 crore and