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Wipro posts 8% decline in Q3 net profit at Rs 1,931 crore on higher costs

This is against net profit (attributable to shareholders) at Rs 2,109.6 crore in the year-ago period, as per Indian accounting norms (Ind AS), Wipro said in a BSE filing.

 
 
The IT firm posted a consolidated profit of Rs 2,194 crore, marginally higher than Rs 2,070 crore booked in the same period of previous year.
The fast growing, high margin digital revenues today stand at 22.1 per cent accounting for more than USD 4 billion in revenues.
Parekh inherits a company with several serious strengths including high margins, a large customer and employee base. He also has several immediate challenges.
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