Wipro Q1 net profit jumps 35%
The Hindu
Demand is robust, see double-digit growth this year: CEO
Wipro Ltd. posted a 35.2% rise in consolidated net profit to ₹3,230 crore for the quarter ended June 30, and said it was well-placed for double-digit growth in the year. Revenue rose 22.4% to ₹18,250 crore. It forecast revenue growth of 5-7% for the quarter ending September 30, with expected revenue in the $2.535 billion-$2.583 billion range. “Even at the lower end of our guidance, we will cross the $10-billion annual run rate of revenues,” said CEO & MD Thierry Delaporte. “The Q1 performance and Q2 guidance set us up for a well ahead of double-digit growth for the full year, even excluding Capco.” he added.
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