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Wipro Q2 consolidated profit up 17% to Rs 2,930.6 cr; crosses $10 bn annualised revenue run rate

07:05 PM Oct 13, 2021 | FPJ Web Desk

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

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

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

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"The Q2 results demonstrate that our business strategy is working well. We grew at over 4.5 per cent organic sequential growth for a second quarter in a row, resulting in a 28 per cent YoY growth in the first half of this financial year. I thank our customers, partners and colleagues as we surpassed the USD 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 percent on a year-on-year basis to Rs 19,378.38 crore ($2580 million).

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