Wipro disclosed a marginal rise in consolidated net profit for the quarter ended June 2018. During the quarter, the profit of the company marginally up 0.54% to Rs 20.93 billion from Rs 20.82 billion in the same quarter last year. On sequential basis, the company registered up 16.27% in the net profit.

Gross Revenue was Rs 139.8 billion, up 1.5% sequentially and 2.6% YoY.

IT Services Segment Revenue at Rs 137.0 billion, up 2.2% sequentially and 5.2% YoY.

Non-GAAP constant currency IT Services Segment Revenue up 0.1% sequentially and 2.4% YoY.

IT Services Margin for the quarter at 17.2%. This includes a gain of Rs 2,529 million from the sale of our hosted data center business in the quarter ended June 30, 2018.

EPS for the quarter at Rs 4.71 per share, an increase of 9.9% YoY.

Abidali Z. Neemuchwala, CEO and Member of the Board said, ''We have seen pickup in spending in the developed markets, particularly in North America and BFSI. Our investments in Digital continue to help us build differentiation in key industry segments, which is resulting in a consistent improvement in our client metrics. We have had a good quarter of order bookings and I am confident we are moving in the right direction.''

Jatin Dalal, Chief Financial Officer said, ''We successfully concluded the sale of our hosted data center business in the quarter. We continue to improve our operating metrics and generated strong operating cash flows at 136% of our Net Income during the quarter.''

We expect Revenue from our IT Services business to be in the range of USD 2,009 million to USD 2,049 million. This translates to a sequential growth of 0.3% to 2.3%, excluding the impact of the divestment of our hosted data center services business which concluded in the quarter ended June 30, 2018.

Shares of the company declined Rs 2.2, or 0.77%, to settle at Rs 283.05. The total volume of shares traded was 240,521 at the BSE (Friday).