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Wipro Q1 profit rises 4% to Rs2,190 crore on higher global IT spending

1 min read . Updated: 23 Jul 2015, 05:29 PM IST Reuters

Analysts, on average expected a profit of `2,183 crore, according to Thomson Reuters data. Photo: Hemant Mishra/Mint

Total revenue rose 10% to Rs12,371 crore, with the company taking on 36 new clients

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.

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