Wipro Q1 net at Rs 2,120.8 cr

Wipro Q1 net at Rs 2,120.8 cr
Highlights

Indias third largest IT firm Wipro on Friday posted over 2 per cent increase in consolidated net profit at Rs 2,1208 crore for June 2018 quarter

Bengaluru: India's third largest IT firm Wipro on Friday posted over 2 per cent 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 per cent to Rs 13,977.7 crore during the period under review. "We entered fiscal 2019 dealing with certain externalities. Based on the excellent execution by our team, we have seen a pickup in momentum in our global business ahead of our expectations and have delivered 0.1 per cent growth in constant currency terms," Wipro CEO Abidali Z Neemuchwala said.

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