IT major Wipro on Wednesday reported 18.86 per cent year-on-year growth in its consolidated net profit for the second quarter of FY22.
The net profit attributable to equity holders of the company rose to `2,930.7 crore during the period under review from `2,465.6 crore during the corresponding period of the last fiscal.
Its revenue increased 30.12 per cent during Q2FY22 to ` 19,667.4 crore from `15,114.5 crore from the like quarter of FY21.
Managing Director and CEO Thierry Delaporte said: “The Q2 results demonstrate that our business strategy is working well.”
“We grew at over 4.5 per cent organic sequential growth for a second quarter in a row, resulting in a 28 per cent YoY growth in the first half of this financial year.”
Besides, the company gave a positive outlook for the quarter ending December 31, 2021.
The company expects revenue from IT Services business to be in the range of $2,631 million to $2,683 million, translating into a sequential growth of 2 to 4 per cent.
In addition, the company’s earnings per share for the quarter rose to `5.36 ($0.071), an increase of 23.8 per cent YoY.