IT services major Wipro Limited reported a 3.8% YoY rise
in consolidated net profit at Rs 3,087 crore for the March 2022 quarter. The
company has reported a net profit of Rs 2,972 crore in the same quarter of
fiscal 2022. On a sequential basis, the net profit grew 3.9% from Rs 2,969
crore in the October-December quarter.

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Wipro’s revenue for the March 2022 quarter rose 28% to
Rs 20,860 crore compared to Rs 16,245 crore in the same quarter of fiscal 2021.
In dollar terms, the IT services segment revenue was at $2.72 billion up 3% QoQ
and 24.4% YoY.

The company expects revenue growth of 1-3% for the first
quarter of the financial year 2022-23 or to be in the range of $2,748 million
to $2,803 million.

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“We have had an outstanding year, finishing with $10.4
billion in revenues, and an industry-leading growth of 27% year on year. This
is our sixth straight quarter of strong revenue growth at or over 3%, said
Thierry Delaporte, CEO and MD of the company.

With all markets, sectors and Global Business Lines now
growing in the double-digits year on year, we have a strong foundation for next
year’s growth,” he added.

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For the complete financial year 2021-22, the company
reported revenue of Rs 79,093 crore, up 27.68% year on year.

One of the top three-IT companies in India said that it
has 243,128 employees as of March 31, 2022. Attrition continued
to surge at 23.8%, this was up from 22.7% in the December quarter of fiscal
2022.

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However, Wipro stated that it saw a drop of 500 basis
points in attrition quarterly. The company added 19,000 campus freshers during
the year and plans to double its campus hiring in the financial year 2022-23.

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The company added 45,416 employees in the year ended,
March 31, 2022, an almost three times jump from 14,826 people added in fiscal
2021, as demand for talent increased amid the shift to digital and attrition
spikes. The company also said that at the junior level it introduced a policy
to give promotions quarterly.