Wipro’s consolidated net profit for the fourth quarter ended March 31, 2021 of the previous fiscal rose 27.7 per cent to Rs 2,972 crore.
In a communication sent to the stock markets, the company said that its earnings during the quarter rose by 3.4 per cent to Rs 16,245.4 crore, compared to Rs 15,711 crore in the same quarter of the previous financial year.
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The consolidated net profit of the company rose by 11 per cent to Rs 10,796.4 crore for the entire financial year ie 2020-21, compared to Rs 9,722.3 crore in the previous financial year (2019-20). The company’s income grew by 1.5 percent to Rs 61,943 crore during the financial year, from Rs 61,023.2 crore in 2019-20.Also read- Inflation increased due to second wave of Corona! Mustard oil price reaches ₹ 200, expensive from lentils to canned milk
Wipro acquired London-based Capco
Speaking on the company’s results, its CEO and Managing Director Thierry Delaporte said that we have delivered strong results for the third consecutive quarter. During this period, the company has received very large deals and operating margins have also shown improvement. In the fourth quarter itself, we acquired banking and financial services sector consultancy firm Capco, which is the largest acquisition ever made by the company. The acquisition will further increase the company’s penetration in the global financial services sector.