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Home » IANS » Wipro net soars 35% in Q2, revenue up 4% (Lead)

Wipro net soars 35% in Q2, revenue up 4% (Lead)

By IANS
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Bengaluru, Oct 15 (IANS) Software major Wipro on Tuesday reported Rs 2,550 crore net profit for the second quarter (Q2) of fiscal 2019-20, registering 35 per cent year-on-year (YoY) growth over the same period last year.

Sequentially, net profit grew 7 per cent from Rs 2,390 crore last quarter ago.

In a regulatory filing on the BSE, the city-based IT major said revenue for the quarter under review grew 4 per cent YoY to Rs 15,130 crore from the like period a year ago and 2.8 per cent sequentially from Rs 14,720 crore a quarter ago.

Revenue from its global IT services grew 2.5 per cent YoY to $2,049 million and flat sequentially from $2,039 million a quarter ago.

Under the International Financial Reporting Standards (IFRS), net income is $361 million and gross income $2.1 billion for the quarter.

–IANS

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