Wipro Q2 adds up to 19% at Rs. 1,161 Crores

vIndianz.com (21 Oct, 2009) — Today, Software giant Wipro reported 18.76% increase in its consolidated net profit which stood at Rs 1,161.7 crore for the second quarter for the year ended September 30, 2009.

premji1 The IT exporter had a net profit of Rs 978.2 crore in the September quarter of previous financial year, Wipro believed in a filing to the Bombay Stock Exchange.

Total revenue of the business increased to Rs 7,057.4 crore for the duration of the July-September quarter of the present fiscal, from Rs 6,664.8 crore in the year-ago phase, as stated by the Indian accounting norms.

“We see more constancy in volumes and pricing in addition to an improving required for setting. Our extensive assortment of services and strong delivery superiority continues to arrangement us as a partner of choice with customers, as they focus on capital conservation and cost transformation,” Wipro Chairman Azim Premji pronounced.

The country’s third leading software exporter’s profits from IT services in rupee stipulations developed by 5 per cent to Rs 4,996 crore from the year-ago period.

Nevertheless, in dollar terms, the income reduced by 4 per cent to $1,065.2 million.

“Looking in advance for the quarter ending December 31, 2009, we anticipate revenues from our IT Services business to be in the range of $1,092 million to $1,113 million,” Premji said.

In the reported quarter, the firm added 37 fresh customers to its IT services industry, which accounted for 72 per cent of its overall revenue.

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