Wipro Q2 revenue edges up 1.8%, PAT rises 1.2% YoY
Wipro posted Q2 revenue of ~₹22,697 crore, up 1.8% year-on-year, supported by growth in Asia & Americas communication operations. Its net profit for the quarter stood at ₹3,246 crore, a modest 1.2% increase over the prior year. The company’s attrition rate dropped to 14.9%, and large deal bookings jumped ~91%. Margins were impacted by a ₹116.5 crore provision linked to a customer bankruptcy. For Q3, Wipro guided revenue growth of –0.5% to +1.5% (constant currency).
neutral
1 day ago
Wipro Q2 revenue edges up 1.8%, PAT rises 1.2% YoY
Wipro posted Q2 revenue of ~₹22,697 crore, up 1.8% year-on-year, supported by growth in Asia & Americas communication operations. Its net profit for the quarter stood at ₹3,246 crore, a modest 1.2% increase over the prior year. The company’s attrition rate dropped to 14.9%, and large deal bookings jumped ~91%. Margins were impacted by a ₹116.5 crore provision linked to a customer bankruptcy. For Q3, Wipro guided revenue growth of –0.5% to +1.5% (constant currency).
neutral
Wipro Q2 revenue edges up 1.8%, PAT rises 1.2% YoY
1 day ago
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Wipro Q2 sees 1.8% revenue growth & 1.2% PAT rise; attrition declines, but margins held back by provision.
Wipro posted Q2 revenue of ~₹22,697 crore, up 1.8% year-on-year, supported by growth in Asia & Americas communication operations. Its net profit for the quarter stood at ₹3,246 crore, a modest 1.2% increase over the prior year. The company’s attrition rate dropped to 14.9%, and large deal bookings jumped ~91%. Margins were impacted by a ₹116.5 crore provision linked to a customer bankruptcy. For Q3, Wipro guided revenue growth of –0.5% to +1.5% (constant currency).
Wipro posted Q2 revenue of ~₹22,697 crore, up 1.8% year-on-year, supported by growth in Asia & Americas communication operations. Its net profit for the quarter stood at ₹3,246 crore, a modest 1.2% increase over the prior year. The company’s attrition rate dropped to 14.9%, and large deal bookings jumped ~91%. Margins were impacted by a ₹116.5 crore provision linked to a customer bankruptcy. For Q3, Wipro guided revenue growth of –0.5% to +1.5% (constant currency).