Join Todd Bishop and John Cook weekends on KIRO Radio to talk Seattle technology.Conversation starters
Most popular
Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.India Wipro quarterly profit up 17 percent
April 19, 2013 @ 1:24 am
MUMBAI, India (AP) - Indian outsourcing company Wipro Ltd. says its quarterly profit rose 17 percent to 17.3 billion rupees ($317 million) as information technology services revenue grew.
Wipro on Friday reported quarterly revenue of 110 billion rupees ($2 billion), up 12 percent from a year earlier. It forecast lower revenue of 85 billion to 87 billion rupees ($1.58 billion to $1.61 billion) for the April-June quarter.
Wipro executives said sales in the first quarter of the fiscal year are traditionally weak.
India's third-largest information technology outsourcing company said profit for the fiscal year that ended March 31 rose by 19 percent to 66 billion rupees ($1.2 billion).
The Wipro results come after a strong profit result from top Indian outsourcer Tata Consultancy Services and a disappointing forecast by rival Infosys.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.