Wipro, India's third largest software exporter, today reported a rise of 2% on consolidated basis to Rs 22.7 billion for the quarter ended Mar. 31, 2015. On sequential basis, Wipro reported rise of 3.65% in quarterly profit.
Consolidated revenues for the quarter ended Mar. 31, 2015 went up by 4% y-o-y to Rs 121.4 billion.
The IT Services segment had a headcount of 158,217 as of Mar. 31, 2015. We added 65 new customers during the quarter.
IT services segment revenues in Rupee terms was Rs 112.4 billion (USD 1.8 billion), an increase of 6% YoY. Angel Broking expects the company's IT services segment to post revenues of USD 1,804 million, up 0.5% qoq.
''We expect Revenues from our IT Services business to be in the range of USD 1,765 million to USD 1,793 million,'' the company said.
IT Services Segment Result was Rs 24.8 billion (USD 398 million), a decrease of 5% YoY. IT Services Margins was 22%, an expansion of 23 bps sequentially.
T K Kurien, member of the board & chief executive officer of Wipro, said, ''We continue to execute on our strategy and have achieved improved customer satisfaction through better articulated solutions and improved delivery. We are well-positioned to take advantage of the opportunities in the market, while tackling headwinds in certain areas. We see Digital, Open Source and Artificial Intelligence as key levers for driving business change and reshaping the delivery model for the future.''
Jatin Dalal, chief financial officer of Wipro, said, ''We continue to maintain our focus on operational improvements and productivity enhancements. This has resulted in margin expansion despite adverse crosscurrency movements.''
Shares of the company gained Rs 3.85, or 0.67%, to settle at Rs 578.80. The total volume of shares traded was 252,304 at the BSE (Tuesday).