Software services company Wipro Ltd on Tuesday posted a net profit of Rs 2,192 crore for the July-September 2017 quarter, and increase of 6% compared to the previous year, Reuters reported. The IT services firm had posted a profit of Rs 2,067 crore for the July-September 2016 quarter.
The company, headquartered in Bengaluru, also posted a revenue of Rs 13,469 crore for the second quarter of 2017, a decline of 1.4% from the Rs 13,661 crore it earned in the first quarter, MoneyControl reported.
In the IT services segment, the company earned a profit of Rs 2,080 crore for the second quarter, a sequential growth of 4%, The Economic Times reported. “We surpassed the milestone of $2 billion (Rs 13,000 crore) in quarterly revenues for IT Services on the back of rigorous execution of our firm’s strategy,” Wipro Chief Executive Officer Abidali Z Neemuchwala said.
Buy an annual Scroll Membership to support independent journalism and get special benefits.
Our journalism is for everyone. But you can get special privileges by buying an annual Scroll Membership. Sign up today!