New Delhi: The large Wipro IT service on Thursday posted a 35.6 percent increase in consolidated net profit for the first quarter ending on June 30, the company received information in the submission of regulations to the exchange.
The company recorded a profit of Rs 3,242.6 Crore in the period considered opposing Rs 2,390.4 Crore posted in the same quarter last year.
In terms of quarter at a quarter growth, Wipro posted a 9 percent increase in net profit from Rs 2,972 Crore in the previous quarter.
Wipro expects revenue from IT services business to be in the range of $ 2,535 million to $ 2,583 million.
This translates to 5 percent sequential growth to 7 percent.
The IT service workforce the company crossed the 2 lakh history milestone with a total number of employees at 2.09,890.
In June 2021, Wipro issued his first dollar denominational bond offer of $ 750 million with a 5-year tenor.
Commenting on results, CEOs and Implementing Directors Wipro Thierry Delaporte, “Despite severe pandemic attacks, we deliver our best quarter, with secular growth in all SMOL, sectors and GBL.
Our sequential revenue growth is 12.2 percent more advanced than the upper end Our guide, both organically and with capco.
“The income from operations increased by 22.3 percent to Rs 18.252.4 Crore in the quarter reported from Rs 14,913.1 Crore in the last fiscal period last.
Jatin Dalal, Wipro’s Head of Finance said, “We convey strong growth in EPS 41 percent YoY even when we continue to invest in growth.
At 103.7 percent of our net income, our cash, our flow for the quarter remains healthy.
I Also happy to share that we have succeeded in issuing our debut bond offer in the international market of $ 750 million.
“(With input from agency)
Wipro Q1 Net Profit Increases 35.6% at Rs 3,243 Crore
