Bengaluru-based IT services company Wipro Ltd on Wednesday posted a 5.3% sequential decline in net profit to ₹2,326 crore for the fourth quarter ended March, from ₹2,455.8 crore in the previous quarter.
Unlike Infosys which provides guidance for the full year, Wipro typically guides for the quarter ahead. However, due to the uncertainties around the course of the covid-19 pandemic, Wipro said, “We do not have visibility into the extent to which it will disrupt our operations, and we have decided to not provide revenue guidance for the quarter ending 30 June, 2020.
We anticipate that we will resume providing revenue guidance when we have increased certainty of both demand and supply side factors." Wipro, which for the first time announced