Wipro's profit fell more than expected, jobs are given to 10,000 freshers
Talking about the year-on-year (YoY) basis, the country's IT giant Wipro's profit after tax has declined by 20.94 percent. The company's profit during the june quarter stood at Rs 2,563.6 crore.
Information technology (IT) sector giant wipro has released its june quarter results. wipro reported lower-than-expected profits in the quarter. On a year-on-year (YoY) basis, Wipro's profit after tax declined by 20.94%. The company's profit during the june quarter stood at Rs 2,563.6 crore. wipro had posted a profit of Rs 3,242.6 crore in the same quarter of the previous financial year.
Analysts had also predicted a fall in profits, but it was higher than expected. Wipro's net profit was estimated to decline 8.1% to Rs 2,970 crore on a year-on-year basis. Looking at it from this point of view, there is a big difference.
Wipro's revenue is up 3.2% at Rs 21,528 crore as compared to the march quarter. There was revenue of Rs 19,045 crore in the year-ago quarter. In this comparison, it increased by 15.51% to Rs 22,001 crore. Meanwhile, wipro added 15,446 employees in the june quarter. More than 10,000 freshers have been included.
Shares of wipro closed 1.49% higher at Rs 411.70 on the NSE ahead of the quarterly results. Let us tell you that wipro shares have fallen by more than 43% in the calendar year 2022 so far.
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D N INDUJAA

20/07/2022 10:34 PM