Wipro net profit up 5 per cent to Rs 3,003 cr, company to hire 10-12k freshers this fiscal

BENGALURU: IT services major Wipro beat Street estimates and posted a 4.6% increase in its consolidated net profit for the June quarter at Rs 3,003 crore compared to Rs 2,870 crore in the year-ago period. However, it missed revenue expectations and its consolidated revenue declined by 3.7% to Rs 21,964 crore compared to Rs 22,831 crore in the same quarter last year due to softness in certain geographies.