Wipro Limited (NYSE:WIT) unwinded its first quarter earnings results on Tuesday 14th July 2020 before market open.
The reported $ 0.06 income per share for the quarter, beat the consensus estimate of $ 0.05 income per share by $ 0.01 or 20.00 percent.
The firm had revenue of $ 1,974.00 million for the quarter, compared to the consensus estimate of $ 1863.29 million. The revenues topped analysts estimates by $ 110.71 million or 5.94 percent.
The financial report showed revenues declined 7.54 percent versus first quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Thierry Delaporte, CEO and Managing Director said, I am deeply honored to lead Wipro, an extraordinary company and an exemplary corporate citizen with a deep technology heritage built on a strong foundation of values. I have great respect for the work done by the Azim Premji Foundation, its 67% economic ownership of Wipro adds greater meaning to what we do. Profitable growth will be the most important priority on my agenda. I am confident that we will be able to deliver long-term, sustainable growth in the interest of all our stakeholders.
