Wipro Q1 Results: Profit Declines 21% YoY to Rs 2,563 Crore as Expenses Rise
2 years, 5 months ago

Wipro Q1 Results: Profit Declines 21% YoY to Rs 2,563 Crore as Expenses Rise

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Wipro Q1 Results: IT major Wipro on Wednesday reported its June quarter profit at Rs 2,563 crore, a dip of 20.9 per cent year-on-year. Wipro’s revenue for the quarter rose 17.9 per cent YoY to Rs 21,528.6 crore. The consolidated total revenue for the Bengaluru-based IT company rose 15.51 per cent on year to Rs 22,001 crore as compared to the revenue of Rs 19,045 crore registered in the year-ago quarter. In terms of sector mix, Wipro earns 35.4 per cent of its revenue from banking, financial services and insurance, followed by 18.5 per cent in consumer and 11.5 per cent in health.

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