Business

Wipro Q2 net profit rises nearly 18%; revenue up 30% – Times of India

NEW DELHI: IT companies main Wipro on Wednesday posted a 17 per cent soar in its consolidated internet revenue for the second quarter ended September 30.
The corporate posted a internet revenue of Rs 2,930.6 crore, up 17.9 per cent, as towards a revenue of Rs 2,484.3 crore posted in the identical quarter final 12 months.
Nevertheless, when it comes to quarter on quarter consequence, the IT agency suffered a lack of 9.6 per cent. The contraction was primarily on account of wage hikes and amortidation cost on Capco acquisition.
Within the earlier quarter, Wipro had registered a revenue of Rs 3,242.6 crore.
The consolidated income of Wipro elevated by about 30 per cent to Rs 19,667.4 crore throughout the quarter in comparison with Rs 15,114.5 crore it registered within the corresponding quarter of 2020-21.
Whereas, sequentially the rise in gross income was 7.6 per cent to Rs 19,761 crore.
“The Q2 outcomes show that our enterprise technique is working properly. We grew at over 4.5 per cent natural sequential progress for a second quarter in a row, leading to a 28 per cent YoY progress within the first half of this monetary 12 months. I thank our prospects, companions and colleagues as we surpassed the USD 10 billion milestone of annualised income run charge,” Wipro CEO and MD Thierry Delaporte mentioned in an announcement.




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