Wipro net soars 35% in Q2, revenue up 4%

BENGALURU: Software major Wipro on Tuesday reported Rs 2,550 crore net profit for the second quarter (Q2) of fiscal 2019-20, registering 35 percent year-on-year (YoY) growth over the same period last year.

Sequentially, net profit grew 7 percent 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 percent YoY to Rs 15,130 crore from the like period a year ago and 2.8 percent sequentially from Rs 14,720 crore a quarter ago.

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Revenue from its global IT services grew 2.5 percent 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.

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