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Wipro Q1 Profit, Revenues Edges Up - Quick Facts

India-based software services company Wipro Ltd. (WIT) reported Friday that first-quarter net income attributable to equity holders was 20.94 billion Indian rupees or $305 million, up from last year's 20.82 billion rupees.

Earnings per share were 4.70 rupees or $0.07, higher than 4.28 rupees last year.

Gross revenues were 139.78 billion rupees or $2.04 billion, up from 136.26 billion rupees a year ago.

Non-GAAP constant currency IT Services segment revenue in dollar terms grew 2.4 percent from last year. IT Services Segment Revenue in dollar terms was $2.03 billion, an increase of 2.8 percent.

Looking ahead, for the second quarter, the company expects revenues from IT Services business to be in the range of $2.009 billion to $2.049 billion.

The company said it successfully concluded the divestment of its hosted data center services business to Ensono during the quarter.

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