Wipro Q1 profit rises 4% to Rs2,190 crore on higher global IT spending
PremiumTotal revenue rose 10% to Rs12,371 crore, with the company taking on 36 new clients
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Mumbai/ Bengaluru: Higher IT spending by global clients helped Indian software company Wipro Ltd to post quarterly profit broadly in line with forecasts, the company said on Thursday.
India’s third-biggest software services exporter reported a 4% rise in net profit for its first quarter to 30 June. Profit was ₹ 2,190 crore ($343.8 million), compared with ₹ 2,103 crore in the same period last year.
Analysts, on average expected a profit of ₹ 2,183 crore, according to Thomson Reuters data.
Total revenue rose 10% to ₹ 12,371 crore, with the company taking on 36 new clients.
