Revenue from operations stood at Rs 15,711 crore, up 4.69 per cent against Rs 15,006.3 crore in the corresponding quarter of the previous fiscal.
All that happened in the markets today
Wipro is slated to announce its Q4 numbers later in the day and most brokerages expect the company's revenue growth to come in at the lower end of the guided range of 0-2 per cent
TCS will hold its board meet the next day (April 16) for approval of its financial statements
Markets regulator Sebi has also given relaxation of 45 days to companies for filing fourth-quarter results and one-month extension to file results for 2019-20
Discretionary spend by the clients take a hit during slowdowns or uncertain business environment, as such spends are largely under the discretion of the clients
Posts better-than-expected numbers, raises revenue guidance for 3rd quarter
The IT services company has seen some improvement in its revenue growth in the last few quarters but, as per analysts, it continues to lag peers on a relative basis.
Tax cut helps, but India Inc's revenue growth falters
The major disppointment came in the form of muted revenue guidance of 0.0-2.0 per cent for Q2FY20, implying 0-2 per cent quarter-on-quarter (QoQ) growth at the lower end and upper end, respectively.
Revenue for the period came in at Rs 14,716.1 crore, up 5.28 per cent YoY.
The company had reported a net profit of Rs 2,099 crore during Q1FY19, with a gross revenue of Rs 13,980 crore. It had given a revenue growth guidance of +/- 1 per cent for the June 2019 quarter
Separation of India unit, revenue flow from Alight deal lift bottom line, margins
The company also announced one bonus shares for every three held.
Wipro had announced a bonus issue of 1:1 in April 2017
Slowdown in communication vertical coupled with insolvency of two of its clients dragged its performance
Total income was down 4.9 per cent at Rs 143.04 billion in the fourth quarter of last fiscal, compared to Rs 150.45 billion in the January-March period of 2016-17