Wipro net up by one percent in first quarter

July 20th, 2011 - 11:05 am ICT by IANS  

Bangalore, July 20 (IANS) Wipro Ltd posted net profit of Rs.13.35 billion (Rs.1,335 crore) for the first quarter (April-June) of this fiscal (2011-12), registering a marginal year-on-year-growth (YoY) of one percent.

In a regulatory filing Wednesday, the IT bellwether said its total revenue, however, increased 18 percent YoY to Rs.85.64 billion (Rs.8,564 crore).

Under the International Financial Reporting Standards, net income grew marginally one percent to $299 million and total income $1.92 billion, up 18 percent YoY.

Revenue from the company’s global IT services business increased 16 percent to Rs.64.05 billion (Rs.6,405 crore) in rupee terms and 17 percent to $1.4 billion in dollar terms.

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