Wipro Q1 profit up 29.6 pc, slightly lags estimates
Jul 24 2014 , Bangalore/Mumbai
For the quarter ended June 30, Wipro posted a consolidated net profit of 21.03 billion rupees ($349.9 million), compared with 16.23 billion rupees in the year-ago quarter.
Analysts were expecting the company to earn 21.24 billion rupees, according to Thomson Reuters estimates.
India's $108 billion-a-year outsourcing sector generates about 90 percent of its sales from services such as IT network installation and the developing software applications for overseas clients.