Wipro net up 18 percent in first quarter

July 24th, 2012 - 11:05 am ICT by IANS  

Bangalore, July 24 (IANS) Wipro Ltd posted a net profit of Rs.1,580 crore (Rs.15.80 billion) for the first quarter (April-June) of this fiscal (2012-13), registering 18 percent year-on-year (YoY) growth as per the Indian accounting system.

In a regulatory filing Tuesday, the IT bellwether said its consolidated revenue for the quarter under review (Q1) rose 24 percent YoY to Rs.10,653 crore (Rs.106.53 billion), including Rs.8,314 crore (Rs.83.14 billion) from its global IT services.

Under the International Financial Reporting Standards (IFRS), net income for first quarter is $284 million and total income $1.92 billion, including $1.5 billion from IT services.

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