Wipro Posts 4 Percent Jump in Q1 Net Profit; Adds New Clients

Advertisement
By Press Trust of India | Updated: 23 July 2015 19:31 IST
Wipro Posts 4 Percent Jump in Q1 Net Profit; Adds New Clients
India's third-largest software services firm, Wipro, on Thursday posted four percent growth in its net profit at Rs. 2,187.7 crores for the quarter ended June 30, 2015.

The company had reported a net profit of Rs. 2,103.2 crores in the year-ago period, Wipro said in a statement.

Its total income rose 10.5 percent to Rs. 12,894.8 crores for the said quarter from Rs. 11,669.4 crores in the April-June 2014 quarter.

The firm's IT services revenues, which account for a dominant chunk of the city-based firm, saw a sequential growth of 1.1 percent to $1.79 billion in the said quarter, meeting its revenue guidance of $1,765 million to $1,793 million.

For the July-September 2015 quarter, Wipro expects its IT services revenues to be in the range of $1,821 million to $1,857 million.

Advertisement

The IT services segment had a headcount of 161,789 as of June 30, 2015, up from 158,217 in March this year with an addition of 3,572 people.

The company added 36 new customers during the quarter. "On the Run side, deals are getting increasingly competitive and we are focused on increasing the levels of automation," Wipro CEO and Member of Board T K Kurien said.

On the Change side, new stakeholders are influencing buying decisions in the digital space, he added.

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: BPO, IT, IT services, India, KPO, Outsourcing, Wipro
Advertisement

Related Stories

Popular Mobile Brands
  1. 5 Must-Have Samsung Products Every Student Needs in 2025
  1. Webb Telescope Uncovers Hidden Active Galactic Nuclei
  2. SpaceX Starship Flight 9 Reuses Booster, Gathers Key Data Despite Loss
  3. 7,100-Year-Old Skeleton Reveals Unknown Human Lineage in China
  4. SpaceX Aims to Break Launch Record With 170 Orbital Liftoffs Planned for 2025
  5. Scientists Capture Plasma Streams, Coronal Raindrops in Sharpest-Ever View of Sun’s Corona
  6. The Traitor OTT Release Date: When and Where to Watch Uorfi Javed, Karan Kundra Starrer Reality Show Online?
  7. Nizarkudai Now Available for Streaming on Aha Tamil: What You Need to Know
  8. Big Ben OTT Release: When and Where to Watch Malayalam Movie Online?
  9. Akkada Ammayi ikkada Abbayi Now Streaming on Amazon Prime Video
  10. Vaanil Thedinen Now Streaming on Aha Tamil: Everything You Need to Know
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.