Wipro Limited Announces Results for the quarter and year ended March 31, 2018 under IFRS
Wipro Limited (WIT)
Last wipro limited earnings: 4/16 04:00 pm
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Source: Business Wire
IT Services Revenue surpasses $8 Billion BANGALORE, India & EAST BRUNSWICK, N.J.--(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its quarter and year ended March 31, 2018. Highlights of the Results Results for the Year ended March 31, 2018: Gross Revenue was Rs 544.9 billion ($8.4 billion1), a decline of 1.0% YoY. IT Services Segment Revenue was $8,060.2 million, an increase of 4.6% YoY. Non-GAAP constant currency IT Services Segment Revenue grew 2.9% YoY. IT Services Segment Revenue in Rupee terms remained flat at Rs 528.4 billion ($8.1 billion1). IT Services Margin was 15.8%. Excluding the impact of insolvency of two customers and the impairment loss in one of our acquisitions, IT
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