Wipro Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 3.37 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.35 rupees per share.
EPS declined 6.4% year over year from 3.61 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 16.37 billion rupees, a decrease of 7.9% from 17.76 billion rupees in the prior-year period.
The normalized profit margin dropped to 11.7% from 13.0% in the year-earlier period.
Total revenue grew year over year to 139.88 billion rupees from 136.32 billion rupees, and total operating expenses climbed year over year to 116.82 billion rupees from 112.62 billion rupees.
Reported net income grew on an annual basis to 22.60 billion rupees, or 4.66 rupees per share, from 22.36 billion rupees, or 4.54 rupees per share.
For the year, the company's normalized net income totaled 13.53 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 17.29 rupees.
EPS declined from 14.15 rupees in the prior year.
Normalized net income was 65.90 billion rupees, a decrease from 69.69 billion rupees in the prior year.
Full-year total revenue rose from the prior-year period to 550.40 billion rupees from 512.44 billion rupees, and total operating expenses rose year over year to 461.33 billion rupees from 419.45 billion rupees.
The company said reported net income decreased year over year to 84.88 billion rupees, or 17.43 rupees per share, in the full year, from 89.06 billion rupees, or 18.09 rupees per share.
As of June 2, US$1 was equivalent to 64.26 Indian rupees.
