Wipro Sept qtr profit up 9.75% to Rs 1285 cr

Bangalore headquartered IT service provider, Wipro Ltd, posted a 9.75 per cent rise in its consolidated net profit to Rs 1284.9 crore in the second quarter ending September 30 as compared to Rs 1170.7 crore reported in the corresponding period last year.

Net income from sales rose to Rs 7730.5 crore in this period, up 12 per cent over the same period last year.

Operating profit of the company witnessed a growth of 6.8 per cent to Rs 1356.4 crore as compared to Rs 1269.8 crore reported last year.
    
The IT services business, which contributed 74 per cent of the total revenue during the second quarter, added 29 new clients, the company release said.
    
“We saw strong momentum in demand as customers tried to catch up with the under-investment in IT in the previous years. We continue to enhance our investments in transformational capabilities, client partners and domain solutions,” Azim Premji, chairman of Wipro said.
    
While the macro-economic environment continues to remain uncertain, there is higher degree of confidence at the micro level, he added.