Wipro’s consolidated Q2FY22 YoY net profit up 18.9%

| | Mumbai
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Wipro’s consolidated Q2FY22 YoY net profit up 18.9%

Thursday, 14 October 2021 | IANS | Mumbai

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.

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