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Wipro Q2: Wage hike, divestment of hosted data services to impact nos

Wipro posted a 2.1 per cent year-on-year (YoY) rise in its net profit at Rs 21.2 billion for the quarter ended 30 June.

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Abidali Neemuchwala, Wipro

3 min read Last Updated : Jan 17 2020 | 12:28 PM IST

IT services firm Wipro is slated to release its second-quarter results for FY19 (Q2FY19) on Wednesday. Over the last few days, Wipro's peers Tata Consultancy Services, Infosys and HCL Tech have reported good numbers for July-September period on the back of large deal wins, rupee depreciation and strong demand environment. However, the Abidali Neemuchwala-led company may report muted numbers owing to wage hikes, cross-currency headwind and divestment of hosted data services.

Wipro posted a 2.1 per cent year-on-year (YoY) rise in its net profit at Rs 21.2 billion for the quarter ended 30 June. Gross revenue was Rs 139.8 billion,

Topics : Wipro

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