Wipro Q1 net up 2.7% at Rs 1,623 cr yoy

The company's revenue, however, was higher at Rs 8,741 crore vs Rs 8,314 crore in the same period last year

Wipro today announced its Q1 results. The company posted a net profit of Rs 1,623 crore, up 2.7% from the same period last year. The company's revenue was reported at Rs 8,741 crore compared to Rs 8,314 crore, up 5.1%. 

Total income has increased from Rs 948.9 crore for the quarter ended June 30, 2012 to Rs 1,006.93 million for the quarter ended June 30, 2013.

EBIT in Q1 was at Rs 1,785 crore. EBITDA margin was at 20%. 

Dollar revenue of the company stood at $1,588.3 million; rupee revenue of the company was Rs 8,936 crore.

The company stated its second quarter revenue guidance at $1.62 - $1.65 billion. 

Wipro said it added 28 new clients in the first quarter of FY14. It said that the company saw higher confidence among customers. They said, they saw a pick up in large deals in Q1.

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The company said it added 1,469 IT services employees in 2013.

It said, wage hikes had an impact on the operating income of the company.