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Tuesday, October 26, 2021

Wipro Q2 Results: Wipro profit up 19 per cent, revenue up 30 per cent to Rs 19,760 crore

Wipro has said that its strategy of growth has proved to be perfect.

Wipro, one of the country’s top IT services companies, posted 19 per cent more profit in the second quarter of the current financial year. The company has made a profit of Rs 2,930 crore in the second quarter. The company’s revenue has also increased by 30 percent to Rs 19,760 crore. The company’s IT segment revenue has grown by 6.9 per cent on a quarterly basis, while the revenue has grown by 29.5 per cent on a year-on-year basis.

Wipro CEO said, our strategy fits perfectly

The company’s CEO and MD Thierry Delaporte said that the second quarter results show that the company’s strategy is working perfectly. We have crossed $10 billion in revenue. The company’s Chief Financial Officer Jatin Dalal said that the company managed to maintain operating margins in the second quarter. The recent acquisitions made by the company and investments from its side have increased the business scale. There has been an EPS growth of 23.8 percent compared to last year. The effect of Wipro’s better results was also visible on its shares on Wednesday. The company’s shares closed at Rs 672.35, up two per cent on the NSE.

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Increased earnings of all the major IT services companies during the Corona period

All the big IT services companies have benefited from the increasing digitization due to work from home in the country. The results of Infosys and TCS have also been very good. These companies have recruited a large number and from here the number of employees has also decreased. Infosys, Wipro and Mindtree have given returns of 46, 76 and 171 per cent respectively to their investors in the last one year.

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