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Wipro Reports 21% Decline In June Quarter Profit As Expenses Rise
20 Jul 2022, 03:51 PM IST
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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