Wipro shares gain nearly 4% post Q1 earnings; IT major posts 12.5% on-year rise in net profit

New Delhi: Shares of Wipro rose nearly 4 percent on Thursday after the company posted a 12.5 percent rise in consolidated net profit for the April-June quarter. The IT major’s scrip gained 3.52 percent to Rs 268.85 on the BSE. [caption id=“attachment_6762511” align=“alignleft” width=“380”] File image of Wipro campus in Bangalore. Reuers[/caption] On the NSE, shares of the company rose by 3.58 percent to Rs 268.90. Wipro on Wednesday posted a 12.5 percent rise in consolidated net profit at Rs 2,387.6 crore for the April-June quarter, and guided for up to 2 percent sequential revenue growth for the July-September period. Its revenue increased by about 5.3 percent to Rs 14,716.1 crore during the reported quarter, compared to Rs 13,977.7 crore in the year-ago period. The Bengaluru-based company’s consolidated income rose by about 5 percent to Rs 15,566.6 crore during the reported quarter. For the July-September quarter, Wipro expects its IT services revenue to be in the range of $2,039 million to $2,080 million – translating into a sequential growth of up to 2 percent.