Wipro net profit matches forecast, rises 11%

Last Updated: Fri, Jul 26, 2013 11:48 hrs

Wipro, India's third-largest software services exporter, said quarterly profit rose 11 percent from a year earlier, in line with analysts' estimates, after an increase in orders boosted earnings.

Consolidated net profit for the fiscal first quarter ended June 30 rose to 16.23 billion rupees from 14.66 billion rupees a year earlier, Bangalore-based Wipro said after market close on Friday.

That compares with the 16.35 billion rupee average of 21 analysts estimates according to Thomson Reuters I/B/E/S for the company, whose customers include Citigroup, Apple and Cisco Systems.

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