{"id":139335,"date":"2023-01-26T06:28:10","date_gmt":"2023-01-26T11:28:10","guid":{"rendered":"https:\/\/44.250.171.167\/?p=139335"},"modified":"2023-01-26T06:28:11","modified_gmt":"2023-01-26T11:28:11","slug":"wipro-reported-14-rise-in-its-revenues-in-q3fy23-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/wipro-reported-14-rise-in-its-revenues-in-q3fy23-results\/","title":{"rendered":"Wipro reported 14% rise in its revenues in Q3FY23 results"},"content":{"rendered":"\n<p>Wipro on Friday reported a 2.8 per cent year-on-year (YoY) rise in net profit at Rs 3,052.90 crore compared with Rs 2,969 crore in the same quarter last year. Revenue for the quarter came in at Rs 23,229 crore, up 14.35 per cent over Rs 20,313.60 crore in the same quarter last year. The IT major guided for a 11.5-12.0 per cent growth in IT Services revenues in constant currency terms (CC). This translated into a guidance of minus 0.6 per cent to 1 per cent revenue growth sequentially in constant CC terms for the March quarter. The guidance was lower than nil-2 per cent guidance that analysts anticipated ahead of the quarterly earnings.<\/p>\n\n\n\n<p>Wipro said IT Services segment revenue advanced 6.2 per cent YoY to $2,803.50 million. IT services revenue rose 0.6 per cent sequentially and 10.4 per cent YoY. The Wipro board announced an interim dividend of Re 1 per share and fixed January 25 as the record date. for the same. The payment of the interim dividend will be made on or before February 10, the IT firm said.<\/p>\n\n\n\n<p>Wipro said its total bookings stood at $4.3 billion at the end of December quarter, up 26 per cent YoY. For the quarter, it closed 11 large deals resulting in a TCV of over $1 billion, up 69 per cent YoY. Wipro said revenues from top five clients grew 15.7 per cent YoY and top 10 clients 14.7 per cent YoY in constant currency terms, underscoring deepening relationships with top strategic clients. Voluntary attrition moderated 180 bps from previous quarter, landing at 21.2 per cent for the trailing twelve months for the quarter.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"748\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91-748x1024.png\" alt=\"\" class=\"wp-image-139336\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91-748x1024.png 748w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91-219x300.png 219w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91-768x1051.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91-1122x1536.png 1122w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91-1496x2048.png 1496w\" sizes=\"auto, (max-width: 748px) 100vw, 748px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Wipro on Friday reported a 2.8 per cent year-on-year (YoY) rise in net profit at Rs 3,052.90 crore compared with Rs 2,969 crore in the same quarter last year. Revenue for the quarter came in at Rs 23,229 crore, up 14.35 per cent over Rs 20,313.60 crore in the same quarter last year. The IT [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":139336,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,8],"tags":[151,5075,9124],"class_list":["post-139335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-technology-stocks","tag-banking","tag-it-services","tag-software-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134646,"url":"https:\/\/alphastreet.com\/india\/wipro-q2fy23-results-out-revenues-up-by-15\/","url_meta":{"origin":139335,"position":0},"title":"Wipro Q2FY23 results out, Revenues up by 15%","author":"Chirag Gupta","date":"October 13, 2022","format":false,"excerpt":"On October 12, IT services major Wipro Ltd reported a 10% dip in its consolidated net profit for the quarter ended September 30, 2022. The company was already in the news as it fired 300 employees due to moonlighting.\u00a0\u00a0 The company gave a revenue growth guidance of 0.2-2 per cent\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/wipro-logo-sustainability-1100x560-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/wipro-logo-sustainability-1100x560-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/wipro-logo-sustainability-1100x560-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/wipro-logo-sustainability-1100x560-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/wipro-logo-sustainability-1100x560-1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":132304,"url":"https:\/\/alphastreet.com\/india\/infographic-indigo-takes-more-than-300-take-off-in-its-revenue-in-q1-but-crashes-with-a-surmounting-loss\/","url_meta":{"origin":139335,"position":1},"title":"Infographic: Indigo takes more than 300% take off in its revenue in Q1 but crashes with a surmounting loss","author":"Chirag Gupta","date":"August 3, 2022","format":false,"excerpt":"On Wednesday, InterGlobe Aviation (Indigo) reported a narrowing of losses to Rs 1,064.30 crore in the June quarter compared with a loss of Rs 1,681.80 crore in the March quarter and Rs 3,174.20 crore in the year-ago quarter. Headwinds caused by depreciating rupee and higher fuel prices led to losses,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132579,"url":"https:\/\/alphastreet.com\/india\/infographic-titan-q1-consolidated-net-profit-soars-by-more-than-3000-while-revenue-jumps-by-172\/","url_meta":{"origin":139335,"position":2},"title":"Infographic: Titan Q1 consolidated net profit soars by more than 3000% while revenue jumps by 172%","author":"Chirag Gupta","date":"August 5, 2022","format":false,"excerpt":"Titan Company on Friday reported ore than 3000% jump in year-on-year (YoY) net profit at Rs 785 crore in June quarter compared with Rs 46 crore profit in the same quarter last year. The Tata Group firm said its quarterly revenues were the second-best, buoyed by a strong festive demand\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131607,"url":"https:\/\/alphastreet.com\/india\/infographic-with-addition-of-106-clients-the-net-profit-of-infosys-soars-by-3\/","url_meta":{"origin":139335,"position":3},"title":"Infographic: With addition of 106 clients, the net profit of Infosys soars by 3%","author":"Chirag Gupta","date":"July 25, 2022","format":false,"excerpt":"reported a consolidated revenue of Rs 34,470 crore in Q1, which was higher than the analyst estimate of Rs 34,150 crore. On a YoY basis, the revenue jumped 23.6 per cent. 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The share price fell by nearly 28% until the end of the day.\u00a0 The company also declared an interim dividend of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/HCL-Tech.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/HCL-Tech.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/HCL-Tech.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/HCL-Tech.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":131710,"url":"https:\/\/alphastreet.com\/india\/infographic-tata-steel-q1fy23-profit-falls-12-8-to-rs-7765-cr-while-revenue-up-18-6\/","url_meta":{"origin":139335,"position":5},"title":"Infographic: Tata Steel Q1FY23- Profit falls 12.8% to Rs 7,765 Cr, while Revenue up 18.6%","author":"Chirag Gupta","date":"July 26, 2022","format":false,"excerpt":"Tata Steel reported a consolidated net profit (attributable to the owners of the company) at Rs 7,765 crore for the quarter ended June, down 12.8 per cent over the year-ago period, in what the company described as a \u201cchallenging\u201d quarter. Sequentially, net profit was down 20.4 per cent. 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