Wipro net up 25%

The company recorded a net profit of Rs 725.60 crore in the year-ago period. Wipro's IT services revenue stood at Rs 4,405 crore, a year-on-year growth of 39 pc.

Infotech major Wipro has registered a net profit of Rs 908 crore for the first quarter of the current fiscal year, an increase of 25 per cent over the same period last year.

HT Image

The company recorded a net profit of Rs 725.60 crore in the year-ago period. Wipro's IT services revenue stood at Rs 4,405 crore, a year-on-year growth of 39 per cent.

“We have had another satisfying quarter,” Wipro chairman Azim Premji said. “Revenues from our IT services were $1,067 million, ahead of our guidance of $1,060 million.”

The company sounded cautious in the near term, given the prevailing uncertainty. “Looking ahead for the (next) quarter, we expect our revenue from IT services to be approximately $1,089 million”, Premji said. “We expect the second half to be better than the first half,” added Girish Paranjpe, joint CEO, IT services.

“We have won seven multi-million deals and added 31 customers,” the company’s CFO, Suresh Senapaty, said. “We added another customer to our $100 million customers list.”

Senapaty said Wipro is committed to hiring 14,000 heads this year.