Wipro has reported a growth of 1.23 per cent in consolidated net profit for the quarter ended June 30, 2011, to Rs. 1,334.9 crore. Last year, the company had posted a net profit of Rs. 1,318.6 crore for the first quarter, as per international accounting standards. Net income from sales during the reporting quarter stood at Rs. 8,564 crore, as against Rs. 7,236.4 crore in Q1, FY'11, up 18.34 per cent.
“We are seeing early signs of positive momentum after the re-organisation. Clients continue to focus on optimising operations, creating new products and getting access to newer markets. We will continue to make investments that bring superior value to our clients as they try to win in this market,” Wipro Chairman Azim Premji said.
The company said it expects its revenues from the IT services business to be in the range of $ 1,436 million to $ 1,464 million for the second quarter ending September 30, 2011. The IT services division hired 4,105 new people this quarter, taking its total headcount to 1,26,490 employees as of June 30, 2011. It added 49 new customers during the reporting quarter.
