Wipro disclosed a marginal rise in consolidated net profit for the quarter ended March 2017. During the quarter, the profit of the company rose 0.43% to Rs 22,670 million from Rs 22,573 million in the same quarter previous year. On sequential basis, the company registered up 7.20% in the net profit.

Revenues for the quarter rose 5.04% to Rs 150,338 million, compared with Rs 143,127 million for the prior year period.

Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 1.7% sequentially and 5.2% YoY.

IT Services Segment Revenue was USD 1,954.6 million, an increase of 2.7% sequentially and 3.9% YoY.

IT Services Segment Revenue in Rupee terms was Rs 134.0 billion (USD 2.1 billion), an increase of 4.7% YoY.

IT Services Segment Profits was Rs 25.3 billion (USD 390 million), an increase of 0.4% YoY.

IT Services Margins was 18.3% flat as compared to the quarter ended December 31, 2016.

The board of directors recommends issue of bonus shares in the ratio of 1:1.

We expect Revenues from our IT Services business to be in the range of USD 1,915 million to USD 1,955 million.

''We delivered revenues within the guidance range in our fourth quarter,'' said Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board. ''We are confident that the recovery in Energy & Utilities and our demonstrated strength in Digital will help us improve our growth trajectory during the course of the current financial year.''

''We continue to maintain our focus on operational improvements and productivity enhancements,'' said Jatin Dalal, Chief Financial Officer. ''We sustained strong cash generation in FY17 even as the currency environment remained highly volatile.''

Shares of the company gained Rs 4.55, or 0.93%, to settle at Rs 496.35. The total volume of shares traded was 136,849 at the BSE (Tuesday).