Results for the quarter ended December 31, 2016 under IFRS

Gross Revenues grew 6.4% YoY
IT Services Segment Revenue in US Dollar terms grew by 6.2% YoY in constant currency

Bangalore, India and East Brunswick, New Jersey, USA -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its third quarter ended December 31, 2016.

Highlights of the Results
- Gross Revenues were 136.9 billion ($2 billion1), an increase of 6.4% YoY.
- Net Income2 was 21.1 billion ($309 million1), a decrease of 5.7% YoY.
- Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 0.6% sequentially and grew 6.2% YoY.
- IT Services Segment Revenue was $1,902.8 million, a sequential decrease of 0.7% and YoY increase of 3.5%
- IT Services Segment Revenue in Rupee terms was 132.0 billion ($1.9 billion1), an increase of 7.2% YoY.
- IT Services Segment Profits3 was 24.2 billion ($355 million1), a decrease of 1.3% YoY.
- IT Services Margins4 was 18.3% for the quarter, as compared to 17.8% for the quarter ended September 30,2016.
- Wipro declared an interim dividend of 2 ($0.031) per share/ADS.

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