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India's third-largest software services exporter, Wipro Ltd, has reported a two per cent rise in first-quarter net profit on higher revenue from its banking, financial services and insurance business (BFSI).
Net profit for the three months to June 30 rose to Rs 2,121 crore ($307.55 million) from Rs 2,077 crore a year earlier, the Bengaluru-headquartered firm said in a statement today.
The net profit topped the Rs 1,952 crore profit expected by analysts, Thomson Reuters data showed.
Revenue from IT services grew about 5 per cent to Rs 13700 crore, while the BFSI business grew 17.5 per cent to Rs 4,110 crore.
The company shares ended the session down by 0.77 per cent at Rs 283.05 on the BSE.
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