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

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

Press Trust of India July 18, 2019 12:18:52 IST
Wipro shares gain nearly 4% post Q1 earnings; IT major posts 12.5% on-year rise in net profit
  • 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

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.

Wipro shares gain nearly 4 post Q1 earnings IT major posts 125 onyear rise in net profit

File image of Wipro campus in Bangalore. Reuers

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.

Updated Date:

also read

Wipro shares drop 3.5% on potential breach of few employee accounts
Business

Wipro shares drop 3.5% on potential breach of few employee accounts

Shares of IT major Wipro on Tuesday fell 3.5 percent after the company said a few of its employee accounts were affected in an "advanced phishing campaign"

Wipro shares slump nearly 5% after company posts over 20% decline in consolidated profit for Q4
Business

Wipro shares slump nearly 5% after company posts over 20% decline in consolidated profit for Q4

Shares of Wipro on Thursday fell by nearly 5 percent as the company posted over 20 percent decline in consolidated profit for the March quarter, 2017-18

Wipro shares decline 6% post Q4 earnings, IT major posts 6% fall in net profit to Rs 2,345 crore
Business

Wipro shares decline 6% post Q4 earnings, IT major posts 6% fall in net profit to Rs 2,345 crore

Shares of IT major Wipro on Thursday dropped 6 percent after the company posted a 6 percent decline in net profit for March quarter that was battered by the fallout of Covid-19