BANGALORE, Nov 2: IT major Wipro Limited has registered a net
profit of Rs 1611 crore in the second quarter ending September 30 with total revenue being Rs 106.57 billion, an increase of 17 per cent Year on Year.
IT Services Revenue stood at Rs 83.73 billion, an increase of 23 per cent YoY, while IT Services Earnings Before Interest and Tax (EBIT) was Rs 17.31 billion an increase of 27 per cent YoY.
Wipro Chairman Azim Premji, addressing a press conference here today, said ‘we have chartered a new course for Wipro by demerging our diversified Non IT businesses. I am confident that the demerger will enhance value for all our stakeholders and provide fresh momentum for growth for each of our businesses.’
Wipro Executive Director and Chief Financial Officer Suresh Senapaty said ‘our focus on driving significant operational improvements has helped us predominantly mitigate the incremental impact of wage increases and currency volatility.’
Mr T K Kurien, Executive Director & Chief Executive Officer, IT Business, said ‘we have delivered revenues in line with our guidance and are continuing to see consistent improvement in our engagement with customers and employees. Consistent with our strategy to drive business transformation at the intersection of Cloud, Mobility, Analytics, and Social, we are continuing to invest in our Go-To-Market organization in order to engage effectively with both business and technology stakeholders/ (UNI)
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