Wipro CEO Theory Delaporte said that the company is overpromising but is progressing step by step. (File photo)
BENGALURU: IT major Wipro on Thursday posted a 27.7 per cent jump in consolidated net profit at Rs 2,972 crore for the March 2021 quarter.
TOI spoke to Wipro CEO Thierry Delaporte after the Q4 and full year 2020-21 results announcement. Excerpts:
You ve called out a June quarter sequential revenue guidance of 2-4%, translating into a year-on-year double digit growth of 11-13%. Wipro seems to be batting on a different wicket. What are the drivers that underscore this renewed confidence?
There is no doubt a new wind of change, energy and confidence and boldness in Wipro. If we look at what we have done collectively, I’m proud how the teams have been stepping up, driving those priorities with passion and energy.
Wipro jumps ahead of Q4 results. Here s what analysts say
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Last Updated: Apr 15, 2021, 11:47 AM IST
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Salary hikes during the quarter may hurt margins, but a favourable currency tailwind could help offset it, to an extent, analysts said.
Wipro is scheduled to report its financial results for the January-March period later in the day.
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NEW DELHI: Even as Infosys and Tata Consultancy Services March quarter earnings failed to surprise Dalal Street, Wipro shares climbed 3 per cent on Thursday trade ahead of the company s Q4 earnings.
The IT firm is expected to clock flat QoQ growth in profit for the March quarter,through growth could still be as high as 26-32 per cent on a year-on-year (YoY) basis. Revenues are seen rising 3 per cent both on sequential and year-on-year bases. Salary hikes during the three-month period may dent the IT major s margins, but a favourable currency tailwind could help the company offset those to an exten