logo
  

Wipro Q2 Profit Rises 18.9%, Revenue Up 30.1% - Quick Facts

India-based software services company Wipro Ltd. (WIT) reported Wednesday that second-quarter net income attributable to equity holders was 29.31 billion Indian rupees or $394 million, up 18.9 percent from last year's 24.84 billion rupees.

Earnings per share were 5.35 rupees or $0.07, up 23.8 percent from 4.32 rupees last year.

Gross revenues for the quarter grew to 196.67 billion rupees or $2.65 billion, up 30.1 percent from 151.15 billion rupees a year ago.

Jatin Dalal, CFO 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."

Looking ahead, the company said it expects revenue from the IT Services business to be in the range of $2.631 billion to $2.683 billion, translating to a sequential growth of 2.0% to 4.0%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Kraft Heinz is recalling around 5,760 cases of Capri Sun Wild Cherry Flavored Juice Drink Blend beverages due to potential for chemical contaminants, the U.S. Food and Drug Administration said. The recall involves 6.6 FL OZ Capri Sun Wild Cherry Flavored Juice Drink Blend in individual foil pouches packed in paperboard cartons. Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by...
Follow RTT