Wipro Q1 Misses Estimates: Cons Currency Revenue Dips, Guidance Weak | CNBC TV18

Описание: IT services firm Wipro on Thursday reported 11.9 percent year-on-year (YoY) growth in net profit in the first quarter ended June 30, 2023. Sequentially, however, net profit was down by 6.6 percent due to decline in all major financial metrics.

Wipro's consolidated net profit for Q1FY24 stood at Rs 2,870 crore, missing analyst estimates of Rs 2,976 crore for this quarter. The Bengaluru-based IT services major had posted a net profit of Rs 2,563 crore in the year-ago period.



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