Wednesday, October 22, 2014

#Wipro Q2 PAT up by 8%

Wipro has reported a rise in net profit of 7.90% on consolidated basis to Rs 20.85 billion for the quarter ended Sept. 30, 2014. On sequential basis, Wipro has reported fall of 0.87% in quarterly profit.

Highlights of the Results for the Quarter ended September 30, 2014:

 Total Revenues were `116.8 billion ($1.9 billion1), an increase of 8% YoY.
 Net Income2 was `20.8 billion ($337 million1), an increase of 8% YoY.
 IT Services Revenue was $1,771.5 million, a sequential increase of 1.8% and YoY increase of 8.6%.
 Non-GAAP constant currency IT Services Revenue in dollar terms grew 3% to $1,793.1 million, within
our guidance range of $1,770 million to $1,810 million.
 IT Services Margins was 22.0%. IT Services Margins includes profit on sale of a strategic investment
during the quarter.