Bengaluru, April 15 : Software major Wipro on Wednesday reported Rs 2,330 crore consolidated net profit for the fourth quarter of FY20, registering a 6.3 per cent decline.
In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the fourth quarter, however, rose 4.2 per cent to Rs 15,711 crore from Rs 15,006 crore in the year-ago quarter.
Revenue from the company's IT services declined 1 per cent sequentially to (Dollar) 2,074 million from (Dollar) 2,095 million.
Under the International Financial Reporting Standards in dollar terms, net income for the quarter was (Dollar) 309 million and gross income (Dollar) 2,100 million.
For FY20, net profit grew 8 per cent YoY to Rs 9,720 crore and gross revenue up 4.2 per cent to Rs 61,020 crore.
IT services revenue grew 1.7 per cent to (Dollar) 8,256 million ( (Dollar) 8.3 billion) YoY.
In dollar terms, net income for FY20 was (Dollar) 1,300 million ( (Dollar) 1.3 billion) and gross income (Dollar) 8,100 million ( (Dollar) 8.1 billion).
The company's board has not recommended final dividend for FY20.
"An interim dividend of 50 per cent or Rs 1 per share of Rs 2 face value, declared on January 14, shall be considered as the final dividend for the fiscal," the company said in the regulatory filing.
--IANS
fb/pcj.
Source: IANS
