Wipro had posted a net profit of Rs 2,189.60 crore in the same quarter previous year. Admitting that performance in verticals like energy, natural resources and utilities were impacted by some customer specific issues, Neemuchwala said there was a rebound in the energy business."In the third quarter (Q3), we made our 13th strategic investment through Wipro Ventures in Headspin, which offers a mobile experience management platform".
The Bangalore-based company on Friday posted an 8.4 per cent fall in consolidated net profit at Rs 1,931.3 crore for the December quarter but said it had been witnessing an improving trajectory of growth.
Digital business contributed 25 per cent to IT services revenue, marginally up one per cent from 24 per cent quarter ago.
Revenue from Wipro's IT services segment rose marginally to 132.35 billion rupees.
"We are seeing ticket sizes in standalone Digital deals increasing as customers are moving to the next level of Digital adoption.We now have nearly 90,000 technical employees trained on Digital skills", he said. "Going forward into the next quarter, the company has given a guidance, which is higher and is in line with its earlier commentary that they expect a gradual improvement in the next quarter".
"Adjusted for this event, IT services margin was higher at 17.2%", the filing said.
The company reported profit at Rs 1,930.1 crore, down 12.%. "We are working on 14 themes, including AI (Artificial Intelligence), autonomous vehicle, cybersecurity, industry 4.0, IoT (Internet on Things)", added Neemuchwala. IT products revenue for the third quarter was Rs 450 crore (US $70 million).
This is unedited, unformatted feed from the Press Trust of India wire.