Wipro announced its numbers and the results were far better than what the street had expected, Profit for first quarter stood at 10.16 billion rupees compared to 9.08 billion rupees a year ago. Its revenue was up by 5% at 62.74 billion rupees from 59.67 billion rupees in previous year.

 

It added 26 new clients and expects business revenue of $1035-$1053 billion in the second quarter. “We are starting to see the first signs of stability in the business as ramp downs start to taper off and volumes start to stabilize,” Chairman Azim Premji said in a statement.

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