Wipro Q1 net up 12.5% at Rs 2,387 crore

New Delhi, July 17 

IT major Wipro today posted a 12.5% rise in consolidated net profit at Rs 2,387.6 crore for the April-June quarter, and guided for up to 2% sequential revenue growth for the July-September period.

Its revenue increased by about 5.3% to Rs 14,716.1 crore during the reported quarter, compared to Rs 13,977.7 crore in the year-ago period. The Bengaluru-based company’s consolidated income rose by about 5% to Rs 15,566.6 crore during the reported quarter.

For the July-September quarter, Wipro expects its IT services revenue to be in the range of $2,039 million to $2,080 million — translating into a sequential growth of up to 2%. — PTI