Wipro Q2 net profit jumps 35 pc to Rs 2,552 cr

Wipro Ltd on Tuesday posted 35 per cent rise in consolidated net profit to Rs 2,552.7 crore for the second quarter ended September 30.

The company had registered a net profit of Rs 1,889 crore in the year-ago period.

Its total income for September quarter stood at 15,875.4 crore compared to 15,203.2 crore a year ago.

The Bengaluru-based company's revenue came in 4 per cent higher year-on-year at Rs 1,51,25.6 crore.

Wipro has guided for 0.8-2.8 per cent sequential growth in IT service revenue for December quarter, saying revenue from that business is expected to be USD 2,065-2,106 million.

For the just concluded quarter, the company's IT services segment revenue was at USD 2,048.9 million, an increase of 2.5 per cent year-on-year, a Wipro statement said.

The operating margin for IT services in the just-ended quarter improved year-on-year to 18.1 per cent. The net income at Rs 2,552.7 crore, translated into 35.1 per cent increase.

Commenting on the earning scorecard, Abidali Z Neemuchwala, Wipro's CEO and Managing Director said: "We had a good in-quarter execution on both revenues and margins. The overall growth was broad based with 6 out of 7 industry verticals growing on a year on year basis..."