Wipro Q1 net profit rises 12% to Rs 2,870 crore

BENGALURU: IT services company Wipro on Thursday reported a 12 per cent rise in its consolidated net profit to about Rs 2,870 crore for the June 2023 quarter.

It had posted a consolidated net profit of Rs 2,563.6 crore in the year-ago period (Q1FY23).

Wipro’s income from operations in the June quarter increased 6 per cent to Rs 22,831 crore.

“We expect revenue from our IT Services business segment to be in the range of USD 2,722-2,805 million. This translates to sequential guidance of -2 per cent to +1 per cent in constant currency terms,” the company said in a statement.