Wipro posts Q1 profit of Rs 2,121 crore

Bengaluru, July 20 

India’s third largest IT firm Wipro on Friday posted over 2% increase in consolidated net profit at Rs 2,120.8 crore for June 2018 quarter.

The net profit, attributable to shareholders, in the year-ago period was at Rs 2,076.7 crore.

According to a regulatory filing by Wipro, its total profit grew marginally to Rs 2,093.8 crore for the April-June 2018 quarter, from Rs 2,082.6 crore in the year-ago period.

Its revenue from operations grew 2.5% to Rs 13,977.7 crore during the period under review from Rs 13,626.1 crore in the same quarter last year.

Wipro, which gets bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,009 million to $2,049 million in the September quarter. — PTI