Wipro Q3: Profit Dips, Revenue Rises, Dividend Declared

• Wipro announced its Q3 results with a slight decline in net profit to ₹3,119 crore quarter-on-quarter, down from ₹3,246 crore.
• Total income for the IT giant increased to ₹23,556 crore from ₹22,657 crore in the previous quarter, showing revenue growth.
• IT services revenue reached ₹23,378 crore, slightly below CNBC-TV18's poll estimate of ₹23,549 crore.
• The company declared a dividend of ₹6 per share for its investors, despite weaker-than-expected guidance for Q4.
• Wipro's Q4 guidance projects constant currency revenue growth between 0-2%, lower than market expectations.

Why It Matters: Wipro's Q3 saw profit decline but revenue grow, with a ₹6 dividend announced amid cautious Q4 guidance.