Wipro’s net profit up 6.9% q-o-q on higher revenue, favourable tax rates

BENGALURU : Higher revenue and favourable tax rates helped Bengaluru-based Wipro Ltd report on Tuesday a September quarter net profit of ₹2,552.6 crore, a 6.9% sequential jump from ₹2,387.4 crore.

The company’s revenues for the second quarter came at ₹15,125 crore, up 2.8% q-o-q. The closely-watched dollar revenue for the IT services segment came at $2.04 billion, marginally up 0.5% from $2.03 billion in the immediate previous quarter.

Wipro expects revenue from its flagship IT services business for the quarter ended December to be in the range of $2.06 billion to $2.10 billion, which translates to a sequential growth of 0.8-2.8%, backed by a robust pipeline of digital deals.