1 year, 5 months ago

Wipro Q2 Results: Net Profit Remains Flat At Rs 2,667 Crore; Headcount Dips

Indian IT firm Wipro on Wednesday reported almost flat growth in consolidated net profit at Rs 2,667.3 crore for the September 2023 quarter and projected a 3.5 per cent fall in revenue in the current quarter on a weak global economic outlook. Wipro's lower IT services growth estimate for the December 2023 quarter by 3.5-1.5 per cent is in the range of $2,617-2,672 million in constant currency terms or about Rs 21,642.59 - Rs 22,097.44 crore. The consolidated revenue from operations declined marginally to Rs 22,515.9 crore during the reported quarter from Rs 22,539.7 crore it registered in the September 2022 quarter. The IT services revenue declined to Rs 22,395.8 crore in the September 2023 quarter from Rs 22,520.5 crore in the year-ago period.

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