Wipro's Profits Fall By 9.6%, Yet Surpasses $10 Billion Milestone
The country's third-largest IT services company, Wipro has reported a profit of Rs. 2,930.7 crore in the September 2021 quarter. Furthermore, the profits declined by 9.6% due to a contraction in margins after a wage hike. However, gross revenue has been increased by 7.8%, making it Rs. 19,760.7 crore. Wipro also surpassed the $10 billion milestones of annual revenue run rate.