 "Wipro Q2 net rises 5.5% to Rs 2,192 cr")
Profit rose to Rs 2,192 crore in the three months ended Sept. 30, from Rs 2,076 crore in the previous quarter ending June 30.
IT Services revenue grew 1% to Rs 13,169 crore as against Rs 13,026 crore in the June quarter.
The company expects December quarter revenues from IT services business to be in the range of $2,014 million to $2,054 million.
IT services margin for the September quarter was 17.3%.
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"Productivity gains generated by holmes automation suite, operational efficiencies overcame incremental impact of wage hikes," the company said in a post-results statement.
"We surpassed the milestone of $2 billion in quarterly revenues for IT services on the back of rigorous execution of our strategy," Wipro CEO Abidali Z Neemuchwala said.
The company saw its headcount coming down to 1,63,759 during the second quarter from 1,66,790 in the previous sequential quarter. Attrition stood at 15.7% on trailing 12 months basis.
"We surpassed the milestone of $2 billion in quarterly revenues for IT services on the back of rigorous execution of our strategy," Wipro CEO Abidali Z Neemuchwala said.
The company saw its headcount coming down to 1,63,759 during the second quarter from 1,66,790 in the previous sequential quarter. Attrition stood at 15.7% on trailing 12 months basis.
IT services segment revenues for quarter in dollar terms were $2.01 billion, an increase of 2.1% sequentially.
The company saw its headcount coming down to 1,63,759 during the second quarter from 1,66,790 in the previous sequential quarter. Attrition stood at 15.7% on trailing 12 months basis.
The company saw its headcount coming down to 1,63,759 during the second quarter from 1,66,790 in the previous sequential quarter. Attrition stood at 15.7% on trailing 12 months basis.
On Tuesday, Wipro scrip declined 0.2% at the time of BSE's closing at Rs 289.35.
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