Wipro Q2 net profit up 2% at Rs 1610 cr

Wipro, the country's third largest software services exporter has come out with second quarter numbers. The company’s Q2 consolidated net profits was up 2% at Rs 1610 crore versus Rs 1,580 crore, QoQ.

Its consolidated revenue was at Rs 10620.3 crore versus Rs 10,619.6 crore, QoQ.

The company’s IT services revenue was at Rs 8,373 crore versus Rs 8,314 crore, QoQ and IT services dollar revenue was at USD 1,541 million versus USD 1,515 million, QoQ.

Its EBIT was at Rs 1,731 crore versus Rs 1,744 crore, QoQ. The IT services EBIT margin was at 20.7% versus 20.97%, QoQ.

Wipro Q3 guidance:

The company’s Q3 revenue seen around USD 1,560 million to USD 1,590 million.

Its Q3 guidance based on USD/INR 54.98.

Source: www.moneycontrol.com

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Gaurav Agarwal

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DENIP Consultants Pvt Ltd