Home / Business / Money / Wipro Q2 net slips 1%, sees Q3 revenue at $1.81-1.84 bn

Wipro Q2 net slips 1%, sees Q3 revenue at $1.81-1.84 bn

Wipro said it expects IT services revenue in the range of USD 1.81-1.84 billion for October-December quarter of the current financial year 2014-15.

The News International Team

Software services firm Wipro ‘s second quarter (July-September) net profit declined nearly 1 percent sequentially (up 8 percent year-on-year) to Rs 2,098.3 crore dented by higher tax and finance expenses, and reconciling items. Profit in the previous quarter was Rs 2,118 crore.

IT services revenue in rupee terms grew by 4 percent quarter-on-quarter (up 8.5 percent on yearly basis) to Rs 10,923 crore and IT services revenue (non-GAAP constant currency) in dollar terms climbed 3 percent sequentially to USD 1,793.1 million, which was within the company’s guidance range of USD 1,770 million to USD 1,810 million.

Wipro said it expects IT services revenue in the range of USD 1.81-1.84 billion for October-December quarter of the current financial year 2014-15.

More to come….

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