Wipro quarterly profit lifted by higher global IT spending
MUMBAI/ BENGALURU (Reuters) - Higher IT spending by global clients helped software company Wipro to post quarterly profit broadly in line with forecasts, the company said on Thursday.
India's third-biggest software services exporter reported a 4 percent rise in net profit for its first quarter to June 30. Profit was 21.9 billion indian rupees ($343.8 million), compared with 21.03 billion rupees in the same period last year.
Analysts, on average expected a profit of 21.83 billion rupees, according to Thomson Reuters data.
Total revenue rose 10 percent to 123.71 billion rupees, with the company taking on 36 new clients.
($1 = 63.7800 rupees)
(Reporting by Nivedita Bhattacharjee in Mumbai, Abhirup Roy in BENGALURU; Editing by David Goodman)