The firm posted a net profit of Rs 2,930.6 crore, up 17.9 per cent, as in opposition to a profit of Rs 2,484.3 crore posted in the identical quarter final yr.
However, by way of quarter on quarter end result, the IT agency suffered a lack of 9.6 per cent. The contraction was primarily on account of wage hikes and amortidation cost on Capco acquisition.
In the earlier quarter, Wipro had registered a profit of Rs 3,242.6 crore.
The consolidated revenue of Wipro elevated by about 30 per cent to Rs 19,667.4 crore throughout the quarter in comparison with Rs 15,114.5 crore it registered within the corresponding quarter of 2020-21.
While, sequentially the rise in gross revenue was 7.6 per cent to Rs 19,761 crore.
“The Q2 outcomes reveal that our enterprise technique is working properly. We grew at over 4.5 per cent natural sequential development for a second quarter in a row, leading to a 28 per cent YoY development within the first half of this monetary yr. I thank our clients, companions and colleagues as we surpassed the USD 10 billion milestone of annualised revenue run charge,” Wipro CEO and MD Thierry Delaporte mentioned in a press release.