Wipro profit up 13%, flags muted outlook
Wipro on Thursday reported a sequential rise in net profit for the January-March quarter, exceeding Bloomberg estimates, while revenue marginally missed expectations and guidance pointed to continued demand caution.
Consolidated net profit rose 13% quarter-on-quarter to Rs 3,502 crore from Rs 3,119 crore, above Bloomberg estimates of Rs 3,462 crore. Revenue from operations increased 2.9% sequentially to Rs 24,236 crore, slightly below estimates of Rs 24,252 crore.
