Don’t miss the latest developments in business and finance.

Wipro Q1 net profit down 6 pct, misses estimates

Image
Reuters NEW DELHI
Last Updated : Jul 19 2016 | 5:23 PM IST

NEW DELHI (Reuters) - India's third-biggest software services exporter Wipro Ltd on Tuesday posted a 6 percent fall in its net profit for the fiscal first quarter, missing analyst estimates.

Net profit for the quarter to June 30 was 20.52 billion rupees ($305.66 million), compared with 21.92 billion rupees last year.

Analysts expected a profit of 21.71 billion rupees, according to Thomson Reuters data.

Total income rose 11 percent to 136.98 billion rupees.

($1 = 67.1000 Indian rupees)

More From This Section

(Reporting by Aditi Shah; Editing by Sherry Jacob-Phillips)

Also Read

First Published: Jul 19 2016 | 5:06 PM IST

Next Story