Wipro posts bigger Q2 profit

Image
Reuters BENGALURU/MUMBAI
Last Updated : Oct 21 2015 | 4:57 PM IST

BENGALURU/MUMBAI (Reuters) - Wipro Ltd , India's third-biggest software services exporter, reported a 7.2 percent rise in quarterly profit that just beat market estimates, helped by better IT spending by global clients and a rise in high margin digital projects.

For the quarter ended Sept. 30, Wipro's fiscal second quarter, the company posted a net profit of 22.35 billion rupees ($343 million), up from 20.85 billion rupees last year.

Analysts, on an average, expected a profit of 22.25 billion rupees from Wipro, according to Thomson Reuters data.

($1 = 65.1650 Indian rupees)

(Reporting by Esha Vaish in BENGALURU and Nivedita Bhattacharjee in Mumbai; Editing by Anand Basu)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 21 2015 | 4:41 PM IST

Next Story