Wipro Q2 net profit jumps 35.1% to Rs 2,552 crore on back of large deals

Posts better-than-expected numbers, raises revenue guidance for 3rd quarter

IT services major Wipro on Tuesday reported better-than-expected second quarter Q2) numbers on the back of ramping up of large deals and sound growth in key business verticals. Improved business confidence also prompted the IT firm to increase its revenue guidance for the third quarter ending December.

For Q2, Wipro posted a 35.1 per cent rise in its net profit at Rs 2,552 crore. In sequential term, net profit grew 6.2 per cent. During the quarter, consolidated revenues of the Bengaluru-headquartered firm rose 4 per cent on year-on-year (YoY) basis at Rs 15,125 crore. In dollar terms, gross revenues of