Wipro Ltd. observed an 18 per cent increase in net profit to Rs. 1,508 crore in the first quarter of 2012-2013 as compared with the previous year.
In line with their guidance, the company reported a revenue of Rs.10,653 crore, an increase of 24 per cent from the previous year.
Azim Premji, Chairman, Wipro, said, “In today’s complex business environment, global corporations are increasingly investing in transformational technology initiatives to improve competitiveness. We see this shift as an opportunity for us to lead this change and help customers differentiate in this fast evolving market.”
Suresh Senapaty, Executive Director & Chief Financial Officer, Wipro said, "We have seen high levels of volatility in currencies globally. We have improved profitability, while continuing to invest for growth.”
