Wipro Q1 results: Net profit drops 7% QoQ to ₹3336 crore; interim dividend declared

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Wipro, the country’s fourth largest IT company, released its June quarter numbers today, July 15, post-market hours, with numbers coming in-line with estimates. 

The company reported muted performance for the quarter, with constant currency revenue declining both sequentially and year-on-year in dollar terms, reaching $2,590 million, down 2% QoQ and 2.3% YoY, which also came in line with the lower end of its earlier guidance of -3.5% to -1.5%.

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