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Wipro Reports 21% Decline In June Quarter Profit As Expenses Rise

Reuters
Wipro's June-quarter consolidated net profit came in at Rs 2,564 crore.

India's Wipro Ltd reported a near 21% fall in June-quarter profit on Wednesday as higher employee-related costs pushed up the information technology services firm's overall expenses.

India's Wipro Ltd reported a near 21% fall in June-quarter profit on Wednesday as higher employee-related costs pushed up the information technology services firm's overall expenses.

June-quarter consolidated net profit came in at Rs 2,564 crore ($320.54 million), compared with Rs 3,243 crore year ago.

Revenue from operations rose nearly 18% to Rs 21,529 crore.

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