Wipro Q3 net profit rises 21%, profitability at 22-quarter high

Dollar revenue growth highest in 36 quarters; firm has given an bullish outlook on revenue growth of 1.5-3.5 per cent for the March quarter

Reporting one of its strongest quarters in recent years, Bengaluru-based information technology (IT) firm Wipro on Wednesday posted 20.9-per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,968 crore for the December quarter. It had reported a profit of Rs 2,456 crore in the corresponding quarter last year. The company said its dollar revenue growth was the highest in 36 quarters.

It clocked a consolidated revenue of Rs 15,670 crore, marginally up 1.3 per cent, from Rs 15,471 crore logged in the third quarter (Q3) of 2019-20. On a quarterly basis, income improved 3.67 per cent. The operating margin