Wipro Q2 consolidated profit up by 17% to ₹2,930.6 crore

IT company Wipro posted a 17% jump in consolidated net profit to ₹2,930.6 crore for the quarter ended on September 30, 2021. The company had posted a net profit of ₹2,484.4 crore in the same period a year ago.

Wipro said that it has surpassed $10 billion (around ₹75,300 crore) annualised revenue run rate.

The consolidated revenue of Wipro increased by about 30% to ₹19,667.4 crore during the quarter compared to ₹15,114.5 crore it registered in the corresponding quarter of 2020-21.

"The Q2 results demonstrate that our business strategy is working well. We grew at over 4.5% organic sequential growth for a second quarter in a row, resulting in a 28% YoY growth in the first half of this financial year. I thank our customers, partners and colleagues as we surpassed the $10 billion milestone of annualised revenue run rate," Wipro CEO and MD Thierry Delaporte said in a statement.

The IT services segment revenue increased by 29.5% on a year-on-year basis to ₹19,378.38 crore ($2580 million).

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