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Profit increases 19% yoy to Rs 2,930 crore

IT major Wipro on Wednesday announced a 19% increase in its consolidated net profit to Rs 2,930 crore for the second quarter ended September 2021.

In the corresponding quarter of last year, the Bangalore-headquartered company posted a net profit of Rs 2,465.70 crore.

Its operating income rose 30% to Rs 19,667 crore in the current quarter, from Rs 15,114 crore in the same period last year, Wipro said in a regulatory filing.

Thierry Delaporte, CEO and Managing Director, said: “The second quarter results demonstrate that our business strategy is working well. of this exercise. I thank our customers, partners and colleagues as we surpassed the $ 10 billion annualized revenue rate milestone.

Jatin Dalal, Chief Financial Officer, said: “We have kept our second quarter operating margins within a narrow range, even after fully absorbing the impact of our recent acquisitions and investing significantly in our business in terms of sales. , capacities and talents. We have finalized a salary increase covering 80% of our colleagues, making it the second increase of this calendar year. We recorded robust EPS growth of 23.8% year-on-year. “

The results arrived after the close of market hours. Shares of Wipro ended at Rs 672.55, up from Rs 13.50, or 2.05% on BSE.

(This is a developing story. Check back for details)

(Edited by : Jomy Jos Pullokaran)

First publication: STI