Wipro Q1 consolidated net profit marginally up at Rs 2,390 crore

New Delhi: IT firm Wipro on Tuesday posted a marginal improve in consolidated internet revenue to Rs 2,390.four crore for the quarter ended on June 30, 2020.

The firm had posted a consolidated revenue, attributable to fairness holders, of Rs 2,387.6 crore in the identical interval a yr in the past.

Total earnings of Wipro was nearly flat at Rs 15,571.four crore within the April-June quarter in comparison with Rs 15,566.6 crore in the identical quarter of the final monetary yr, the corporate mentioned in a BSE submitting.

The consolidated earnings from operation of the corporate elevated by 1.three % to Rs 14,913.1 crore in the course of the reported quarter from Rs 14,716.1 crore within the corresponding quarter of 2019-20.

Thierry Delaporte, CEO and Managing Director mentioned, “I am deeply honored to lead Wipro, an extraordinary company and an exemplary corporate citizen with a deep technology heritage built on a strong foundation of values. I have great respect for the work done by the Azim Premji Foundation, its 67% economic ownership of Wipro adds greater meaning to what we do. Profitable growth will be the most important priority on my agenda. I am confident that we will be able to deliver longterm, sustainable growth in the interest of all our stakeholders.”

Shares of Wipro closed at Rs 225.05 apiece, down by 1.1 per cent in comparison with the earlier shut, on BSE.