The net Wipro increases of 2.1% to 2 121 million crowns. as buoys BFSI

IT service provider Wipro reported consolidated net profit of 3.1% to 2,120.6 million euros in the third quarter ended June 30, up 2.1% from the previous year. Last year, thanks to the rise in customer orders in the financial services sector. a recovery in spending in developed markets, particularly in North America and in banking, financial and insurance [BFSI]"said Abidali Z. Neemuchwala, CEO and member of the board of directors "Our digital investments continue to help us differentiate ourselves in key segments of the industry, resulting in a steady improvement in our customer indicators."

"Good order bookings"

While Gross revenue grows 2.6% to ₹ 13,977.7 crore The BFSI segment's turnover rose by 17.5%.

"We recorded a good quarter of orders and I am confident that we are going in the right direction, "said Mr. Neemuchwala in a statement [19659005] IT majors in the painting of an optimistic future.Last week, TCS, the most quoted listed company in the world. India, recorded a 23.5% increase in net profit The third largest exporter of software services in India, IT services revenue is expected to be in the range of $ 2,009 million to $ 2,049 million in the second quarter. "This translates into sequential growth of 0.3% to 2.3%, excluding the impact of the divestiture of our hosted data center services business that ended June 30" said the company. The IT Services margin, at 17.2%, includes a gain of $ 2,529 million from the sale of Wipro hosted data center activity.

"We continue to improve our operating parameters and generated strong operating cash flow at 136% of our net income during the quarter," said Jatin Dalal, CFO of [19659002] of a European investment bank for their repository of applications. A major US airline has also renewed a multi-year contract for its international contact center and other business process services, said IT company

Wipro also won a multi-year business deal transformation contract. The engagement will leverage AI, cognitive automation and Wipro platforms to standardize and transform customer financial and HR operations into a global shared services model, "according to the website. communicated.

Wipro was entrusted by Latam Cargo S.A., an airfreight transport company, a multi-year freight management contract. Wipro will deploy its end-to-end freight management system, CROAMIS, for the customer.

"As we continue to face challenges in our operations in India and the decline in health care related to ACA, we see greater momentum in the rest of our business. led by BFSI and the Americas, "said Neemuchwala. "Product engineering has also shown strong growth from one year to the next," he added.

On Wipro, he said, "Our top 10 customers grew 7.8%, and we added four new customers in the bucket of $ 50 million and more and 16 new customers in the bucket. $ 5 million over the past year. "

Wipro also said it has entered into a" strategic partnership "with allowing the US-based company to accelerate investments in technologies and technologies. consumer services in all of its health, wealth and cloud related activities.