Wipro September Quarter Profit Rises 6%

Wipro Cited as a Leader in Gartner’s Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, North America

Wipro Ltd, India’s third-largest software services exporter, posted a six per cent rise in second-quarter profit on Tuesday, helped by an uptick in its banking and financial services segment.

Profit rose to Rs. 2,192 crore ($337.5 million) in the three months ended September 30, from Rs. 2,067 crore in the same period a year earlier, Wipro said.

Analysts on average expected the company to post a profit of Rs. 2,080 crore, Thomson Reuters data showed.

Bengaluru-headquartered Wipro posted revenue of Rs. 13,469 crore, while revenue from core IT services was Rs. 13,169 crore. ($1 = Rs. 64.91)