On Thursday, global software company Wipro Ltd achieved a net profit of 2,080 crore in the first quarter of fiscal year 2017-18. This figure registered a 1.2% year-on-year increase in the same period (Rs 2,059 crore), while it fell by 8% from 2,260 crore to the previous quarter.
In preparing a regulatory filing in BSE, the Wipro stated that the income of Rs 13,630 crore for the quarter (Q1) fell from 13,990 crore three months ago and 2.5% from 13,599 crore for the year. In the same year before the turn of the year.
In accordance with International Financial Reporting Standards (IFRS), net income for the first quarter rose by 1.2 percent year on year to $ 321 million, while gross income (0.2 percent) rose by $ 2.1 billion.
Revenues in the information services sector improved by 1.972 million dollars in the three months (0.9 percent) but increased by 2.1 percent year-on-year under IFRS.
Information services trade profit declined by 5.8 percent to 2,190 crore or $ 339 million compared to the same month last year. The business margin from IT services in the first quarter was 16.8 percent.