Wipro Q4 Outcomes: The company's earnings stood at Rs 16,334 croreIT services business Wipro on Thursday reported its consolidated earnings at Rs 2,972 crore for the fourth quarter of the fiscal year 2020-21.

The net revenue grew by 28 percent year-on-year.

The company's profits stood at Rs 16,334 crore for the very same period.

The earnings development in continuous currency stood at 3 per cent for the fourth quarter of fiscal 2020-21 and the topline growth in dollar terms was at 3.9 per cent.

(Also Check Out: Wipro Gains Ahead Of Fourth Quarter Profits Announcement )The IT services' revenues before interest and tax (EBIT) grew by 1.1 percent QoQ to Rs 3,417 crore and margin contracted 80 bps QoQ at 20.92 percent for Q4 of FY21.

We provided a 3rd constant quarter of strong earnings development, deal wins and operating margins.

We also announced our biggest ever acquisition of Capco that will boost worldwide financial services sector, said Thierry Delaporte, CEO and Handling Director.

He further notified that the business also announced its largest ever acquisition of Capco that will reinforce their our global financial services sector.

We are thrilled with this wave of business momentum that we are seeing.

All key markets are now growing on YoY basis and this provides us a solid foundation to construct on next year development rates, Mr Delaporte included.