Wipro posts 17 per cent jump in consolidated net profit
IT company Wipro has posted a 17 per cent jump in consolidated net profit to Rs 2,930.6 crore for the quarter ended on September 30, 2021.
The company had posted a net profit of Rs 2,484.4 crore in the same period a year ago.
Wipro said that it has surpassed $10 billion (around Rs 75,300 crore) annualised revenue run rate.
The consolidated revenue of Wipro increased by about 30 per cent to Rs 19,667.4 crore during the quarter compared with Rs 15,114.5 crore it registered in the corresponding quarter of 2020-21.
“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. I thank our customers, partners and colleagues as we surpassed the $10 billion milestone of annualised revenue run rate,” Wipro CEO and MD Thierry Delaporte said.
Mindtree on Wednesday posted a 57.2 per cent increase in its net profit to Rs 398.9 crore in the September quarter. The company had posted a net profit of Rs 253.7 crore a year ago. Consolidated revenue from operations increased 34.27 per cent to Rs 2,586.2 crore from Rs 1,926 crore in the year-ago quarter of FY21.