Wipro Q1 Results: Profit flat at Rs. 3,352 crore at; co declares a dividend of Rs 2/share

IT services player Wipro Ltd on Thursday reported a 1% year-on-year (YoY) growth in its consolidated net profit for the June quarter, up from Rs. 3,330 crore compared to Rs. 3,352 crores. Along with the earnings, the board of the company has paid Rs. Also approved an interim dividend of 2.

Income from operations in the first quarter rose 11% year-on-year to Rs. 24,479 crores. In the same quarter last year, Rs. 22,135 crores.

The company maintained a cautious outlook for the September quarter, guiding for a range between a 1.5% decline in IT services revenue and a 0.5% rise in constant currency.

More to come…