Business Standard

Wipro Q2 results: Net profit declines 9% to Rs 2,659 cr; revenue rises 15%

However, on a sequential basis, the IT firm's profit rose 3.72% in the quarter under review, from Rs 2,563.6 cr in the previous June quarter

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Press Trust of India New Delhi
IT services major Wipro Ltd on Wednesday reported a 9.3 per cent drop in its September quarter net profit, weighed down by rising staff expenses and lower non-US earnings.

Profit attributable to equity shareholders of the company was 9.3 per cent lower at Rs 2,659 crore, the company said in a statement.

The company had reported a consolidated net profit of Rs 2,930.6 crore in the same period a year back.

However, on a sequential basis, profit rose 3.72 per cent in the quarter under review, from Rs 2,563.6 crore in the previous June quarter.

The Bengaluru-based company's revenue from

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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