You are here: Home » Companies » Results
Business Standard

Wipro Q2 net profit rises 19% to Rs 2,931 cr

Consolidated revenue rose 30% on an annual basis at Rs 19,670 crore

Topics
Wipro results

BS Web Team 

Wipro
Photo: Shutterstock

IT services major Wipro on Wednesday reported 19% rise in consolidated net profit at Rs 2,931 crore for the quarter ending September 2021.

Consolidated revenue rose 30% on an annual basis at Rs 19,670 crore.

IT services segment revenue was at $2,580 million, an increase of 6.9% QoQ and 29.5% YoY. IT services operating margin for the quarter was at 17.8%, a decrease of 104 bps QoQ. The company said the IT services segment added 116 new customers in September quarter. The headcount of IT services segment stands at 221,365 as of September-end.

Thierry Delaporte, CEO and Managing Director said, “The Q2 demonstrate that our business strategy is working well. We grew at over 4.5% organic sequential growth for a second quarter in a row, resulting in a 28% YoY growth in the first half of this financial year. I thank our customers, partners, and colleagues as we surpassed the $10 billion milestone of annualized revenue run rate.”

Jatin Dalal, Chief Financial Officer said, “We sustained our operating margins in Q2 in a narrow band even after absorbing the full impact of our recent acquisitions and investing significantly in our business across sales, capabilities and talent. We completed a salary increase covering 80% of our colleagues, making it the second hike in this calendar year. We delivered a robust growth in EPS of 23.8% YoY."

On Wednesday, the company's scrip on NSE closed 2% higher at Rs 672.35.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 13 2021. 15:55 IST
RECOMMENDED FOR YOU
.