Wipro Q4 revenue rises 11% YoY to Rs 23,190 crore, announces share buyback of Rs 12,000 crore

IT major Wipro’s Q4 net profit fell 0.4 per cent year-on-year (YoY), but increased 0.6 per cent quarter-on-quarter (QoQ) to Rs 3,074 crore, the company announced on Thursday. In the last quarter, the company’s profit stood at Rs 3,053 crore.

Wipro’s consolidated revenue from operations climbed 11 per cent YoY to Rs 23,190 crore. The IT firm’s revenue from IT services in the March quarter jumped 4 per cent YoY to $2,823 million.

The company announced that the board has approved a share buyback proposal of 26,96,62,921 equity shares for an aggregate amount of Rs 12,000 crore at a price of Rs 445 per share.