Wipro Q4 Results: Voluntary attrition at 14.2% as IT major posts net profit of ₹2835 crore
Wipro reported a net profit of ₹2835 crore during the final quarter of FY24. Data released on Friday indicates that voluntary attrition stood at 14.2% on a trailing 12-month basis. The IT major saw its headcount shrink by 6,180 employees in Q4FY24 and by 24,516 on a full-year basis.
The Bengaluru-based company saw its consolidated revenue decrease 4.2% to ₹222.08 billion during the January-March quarter.
Wipro has also seen several key executives depart in recent months — including the exit of CEO Thierry Delaporte earlier this month and Stephanie Trautman (who was in charge of securing large contracts) in December.
More to come…
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Published: 19 Apr 2024, 04:31 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.