Wipro’s net profit has increased by 12% in Q1.


Wipro Q1 2009-2010 Net Profit Up By 12%
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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.
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