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Wipro Q4 profit up 38% to Rs 2,494 crore

NEW DELHI: IT services and products giant Wipro on Tuesday stated its internet benefit greater by 38.4 consistent with cent to Rs 2,493.nine crore within the March 2019 quarter, and announced a Rs 10,500 crore buyback programme.

The Bengaluru-based company had posted a internet benefit of Rs 1,800.eight crore within the January-March 2018 period, Wipro stated in a BSE submitting.

Its revenue from operations - beneath IND AS accounting norms - grew eight.nine consistent with cent to Rs 15,006.3 crore within the period beneath overview from Rs 13,768.6 crore within the year-ago period.

For the full fiscal (2018-19), Wipro saw its internet benefit expanding by 12.6 consistent with cent to Rs nine,017.nine crore, whilst revenue from operations used to be up 7.five consistent with cent to Rs 58,584.five crore.

The Wipro board has additionally licensed a Rs 10,500 crore buyback plan beneath which it is going to buy again as much as 32.3 crore shares at Rs 325 apiece, the submitting added.

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