Wipro Q1 Net Profit Up By 12%
Wipro Ltd posted its net profit of Rs.10.16 billion for the first quarter (April-June) of this fiscal (2009-10), registering a 12% YoY growth as per the Indian accounting standard.
In a regulatory filing on Wednesday, the IT bellwether said consolidated revenue for the quarter (Q1) was Rs.62.74 billion, an increase of 5% YoY as per the Indian accounting standard.
Under the International Financial Reporting System (IFRS), net income grew by 13% YoY to $212 million for the quarter under review, while total revenue was up by five percent to $1.31 billion.
Revenue from its flagship business division global IT services, however, declined sequentially by 1.3% and 3.3% YoY to $1.03 billion.