Wipro grows revenue by 1.3% for 2020 Q4

Wipro grows revenue by 1.3% for 2020 Q4

Indian information technology corporation Wipro said its IT services revenue grew 1.3% year-on-year to $2.071 billion for the December 2020 quarter.

The company’s revenue from IT products during the quarter was about US$ 21.3 million, while that from Indian state run enterprises business was US$ 32.8 million. The firm also reported a 21 per cent increase in consolidated net profit for the quarter.

“Wipro has delivered a second consecutive quarter of strong performance on order booking, revenue and margins. Five of our sectors grew over 4 per cent sequentially. We closed our largest ever deal win in Continental Europe… The demand environment is steadily improving, especially for digital transformation, digital operations, and cloud services,” Wipro CEO and Managing Director Thierry Delaporte said in a statement.

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