NEW DELHI: IT services major Wipro today reported a 12.6% year-on-year jump in Q1 profit to ₹2,388 crore, boosted by robust demand from its key financial clients. Wipro said its June quarter consolidated net profit was ₹2,388 crore as compared to ₹2,121 crore in the corresponding quarter last year. Wipro said its June quarter's consolidated revenue stood at ₹14,716 crore as against ₹13,978 crore last year, an increase of 5.3% on a year-on-year basis. Wipro reported a growth in its banking, financial services and insurance business. In its third such buyback programme, Wipro's board has already approved for a share buyback offer of upto ₹10,500 crore.

Source: Mint July 17, 2019 10:39 UTC