Results for the quarter and year ended March 31, 2017 under IFRS
Gross Revenues for the year grew by 7.4%
IT Services Segment Revenue for the year grew by 7.0% YoY in constant currency
IT Services Segment Revenue for the quarter grew by 2.7% sequentially
Board of Directors recommends a Bonus Issue of 1:1
Bangalore, India and East Brunswick, New Jersey, USA – April 25, 2017 -- Wipro Limited (NYSE: WIT,
BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting
Standards (IFRS) for its fourth quarter and year ended March 31, 2017.
Highlights of the Results
Results for the Year ended March 31, 2017:
Gross Revenues were ₹550.4 billion ($8.5 billion1), an increase of 7.4% YoY.
Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 7.0% YoY.
IT Services Segment Revenue was $7,704.5 million, an increase of 4.9% YoY.
IT Services Segment Revenue in Rupee terms was ₹528.4 billion ($8.1 billion1), an increase of 8.4% YoY.
IT Services Segment Profits3 was ₹96.1 billion ($1.5 billion1), a decrease of 2.2% YoY.
IT Services Margins4 was 18.0% for the year.
Net Income2 was ₹84.9 billion ($1.3 billion1), a decrease of 4.7% YoY.
Results for the Quarter ended March 31, 2017:
Gross Revenues were ₹139.9 billion ($2.2 billion1), an increase of 2.6% YoY.
Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 1.7% sequentially and
5.2% YoY.
IT Services Segment Revenue was $1,954.6 million, an increase of 2.7% sequentially and 3.9% YoY.
IT Services Segment Revenue in Rupee terms was ₹134.0 billion ($2.1 billion1), an increase of 4.7% YoY.
IT Services Segment Profits3 was ₹25.3 billion ($390 million1), an increase of 0.4% YoY.
IT Services Margins4 was 18.3% flat as compared to the quarter ended December 31, 2016.
Net Income2 was ₹22.6 billion ($349 million1), an increase of 1% YoY.
See attached PDF (Press release and Data sheet Q4)
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