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Wipro net profit up 38.4% to Rs 2,493.9 crore in Q4; board approves Rs 10,500 crore share buyback

IT major Wipro on Tuesday reported a 38.4% year-on-year (YoY) jump in net profit at Rs 2,493.9 crore for the fourth quarter ended March 2019 as against a net profit of Rs 1,803 crore in the corresponding quarter last year. Revenue from operations in the March quarter increased 8.9% to Rs 15,006.3 crore from Rs 13,768.6 crore in the year-ago period. The Wipro board has approved Rs 10,500 crore buyback of 32.31 crore shares at Rs 325 per share.

Read More at CNBC TV18 News date : 16 Apr 2019, Tuesday

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