(Bloomberg) -- Wipro Ltd., India's third-largest
computer-services provider, had the slowest profit growth in more
than two years after the rupee's 6.8 percent gain against the
dollar in the first quarter eroded earnings in its biggest market.
Net income climbed 16 percent to 7.11 billion rupees ($176
million), or 4.87 rupees a share, for the three months ended
June 30, from 6.14 billion rupees, or 4.28 rupees, a year
earlier, Wipro said today. Profit missed the 7.44 billion rupee
median estimate in a Bloomberg survey of nine analysts. Sales
rose 34 percent to 41.83 billion rupees.
Read more at Bloomberg Emerging Markets News
computer-services provider, had the slowest profit growth in more
than two years after the rupee's 6.8 percent gain against the
dollar in the first quarter eroded earnings in its biggest market.
Net income climbed 16 percent to 7.11 billion rupees ($176
million), or 4.87 rupees a share, for the three months ended
June 30, from 6.14 billion rupees, or 4.28 rupees, a year
earlier, Wipro said today. Profit missed the 7.44 billion rupee
median estimate in a Bloomberg survey of nine analysts. Sales
rose 34 percent to 41.83 billion rupees.
Read more at Bloomberg Emerging Markets News
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