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Rediff.com  » Business » Higher overseas revenue lift Wipro's June quarter profit

Higher overseas revenue lift Wipro's June quarter profit

Source: PTI
Last updated on: July 23, 2015 17:56 IST
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Country's third-largest software services firm, Wipro on Wednesday posted four per cent growth in its net profit at Rs 2,187.7 crore or Rs 21.87 billion for the quarter ended June 30, 2015.

The company had reported a net profit of Rs 2,103.2 crore or Rs 21.03 billion in the year-ago period, Wipro said in a statement.

Its total income rose 10.5 per cent to Rs 12,894.8 crore or Rs Rs 128.94 billion for the said quarter from Rs 11,669.4 crore or Rs 116.69 billion 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 per cent 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.

The IT services segment had a headcount of 1,61,789 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 focussed 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.

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