An IIPM Initiative
Tuesday, July 27, 2021
 
 

Wipro net up 24 percent in second quarter

 

AGENCIES | Bangalore, November 2, 2012 09:56
Tags : wipro technologies | azim premji | quaterly | net profit |
 

Wipro Ltd posted a net profit of Rs.1,611 crore (Rs.16 billion) for the second quarter (July-September) of this fiscal (2012-13), registering 24 percent increase year-on-year (YoY) over the same period last fiscal (2011-12).

In a regulatory filing Friday, the IT bellwether said total revenue rose 17 percent YoY to Rs.10,657 crore (Rs.106.57 billion) for the quarter (Q2) under review, according to the Indian accounting standard.

Under the International Financial Reporting Standards (IFRS), the net income is $304 million and the total revenue is $2 billion.

The company's flagship IT business revenue, however, increased marginally to $1.54 billion, registering 4.6 percent YoY and 1.7 percent sequentially under IFRS and by 23 percent YoY to Rs.8,373 crore (Rs.83.7 billion) under the Indian accounting standard.


Related Stories

JK Tyre Q2 net profit at Rs.25.99 crore

Wipro keen to tap Omani IT market, make investments

Wipro records 18.37% profit in first quarter

IT industry backs Premji on policy paralysis

 

Rate this article:
Bad Good    
Current Rating 0
 
 
Post CommentsPost Comments




Issue Dated: Feb 5, 2017