Wipro Q4 results News

Wipro also recorded one of the highest declines of 24,516 in the headcount on a year-on-year basis to 2,34,054 during the just-ended fiscal year.

The Board has not recommended any final dividend. The interim dividend of Rs 1 declared by the board at its meeting held on January 14, 2020 shall be considered as the final dividend for the financial year 2019-20. Thus, the total dividend for the financial year 2019-20 remains Rs 1 per equity share. 

Shares of IT major Wipro tumbled 7 percent Thursday, wiping off Rs 10,414 crore from its market valuation, after the company's March quarter earnings missed the street expectations.

The company's revenue, however, rose 12.9 percent to Rs 13,741.7 crore during the reported quarter, from Rs 12,171.4 crore in the year-ago period.

Shares of IT major Wipro Wednesday slumped 6 percent, wiping-out Rs 8,591 crore from its market valuation, after its March quarter earnings failed to enthuse investors.

Software services firm Wipro has set up an executive committee to define its strategy as Indian outsourcing firms increase their focus on transformational deals led by new age digital solutions.