Wipro net flat yearly, 16% up quarterly in Q1

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Bengaluru, July 20 (IANS) Global software major Wipro on Friday reported Rs 2,094 crore consolidated net profit for the first quarter (Q1) of fiscal 2017-18, posting flat (0.5 per cent) growth annually from Rs 2,083 crore in the same period year ago.

Sequentially, however, net profit grew 16 per cent from Rs 1,801 crore quarter ago.

“Consolidated revenue for the quarter (Q1) under review, grew 2.6 per cent annually to Rs 13,978 crore from Rs 13,626 crore in the like period year ago and 1.5 per cent sequentially from Rs 13, 769 crore,” said the city-based firm in a statement here.

The company’s global IT services business contributed Rs 13,700 crore, registering 5.2 per cent annual and 2.2 per cent sequentially growth.

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