Reported 14 days ago
Wipro, India's fourth-largest IT services firm, reported a 1.8% year-on-year increase in consolidated revenue for the second quarter, reaching 226.97 billion rupees, surpassing analysts' estimates. This growth was fueled by strong performance in the Asia and Americas communications sectors. While net profit grew by 1.2% to 32.46 billion rupees, it fell short of projections. Wipro anticipates a slight decline to moderate growth in revenue for the upcoming quarter, supported by significant contracts secured during the fiscal year.
Source: YAHOO