Wipro Q1 net jumps 30.5 percent to 1,318.6 Crore

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Wipro Q1 net jumps 30.5 percent to Rs. 1,318.6 Crore
Mumbai: IT major Wipro today reported a growth of 30.5 per cent in its net profit at Rs 1,318.6 crore for the first quarter ended June 30, over the corresponding quarter last year. The company had posted a net profit of Rs 1,010.4 crore during the April-June quarter a year ago, Wipro said in a filing to the Bombay Stock Exchange. "We are seeing strong demand environment across over industry verticals despite macro challenges. We added the highest number of billable employees ever, in this quarter," Wipro Chairman Azim Premji said. Wipro's net income from sales rose by 15.85 per cent to Rs7,236.4 crore for the first quarter of FY 2010-11, from Rs 6,246.2 crore in the same quarter previous fiscal. The company added 4,854 employees in this quarter taking the total headcount to 1.12 lakhs.
Source: PTI