Wipro’s Q2 net profit rises 6.3% QoQ to Rs 3,227 crore
Wipro on Thursday posted a 21% year-on-year and 6.3% sequential increase in net profit for the second quarter, when three of its four strategic market units (SMUs) reported better performance and the company also saw improved execution levels and an expansion in margins.
The fourth largest Indian IT services firm posted a net profit of Rs 3,227 crore for the quarter ended September 30.
Revenue rose 1.5% sequentially to Rs 22,301 crore, helped by increased momentum in banking, financial services and insurance (BFSI) and consulting. It, however, fell 1% from a year earlier.
The IT major expects Q3 revenue from its IT services business segment to be in the range of $2.61-$2.66 billion. This guidance indicates the revenue would be flat or up to 2% lower sequentially in constant currency terms, as the company expects fewer working days and furloughs in the current quarter.
Operating margin at 16.8% in Q2 improved by 70 basis points on-year and 30 basis points sequentially. Total bookings were $3.56 billion, including large deal bookings of $1.49 billion, an increase of 28.8% QoQ and 16.8% YoY in constant currency.
Artificial Intelligence(AI)
AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence
By — Ritesh Vajariya, Generative AI Expert
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
By — Metla Sudha Sekhar, IT Specialist and Developer
HR
Human Potential and the Future of Employment
By — Lynda Gratton, Prof. at London Business School, Speaker, Author,
