Q2 results. Wipro net drops 9.6% to ₹2,649 crore

PTI Updated - October 12, 2022 at 04:32 PM.

File photo: The logo of Wipro is seen inside the company’s headquarters in Bengaluru. | Photo Credit: Abhishek Chinnappa/ Reuters

Wipro Ltd on Wednesday reported a 9.6 per cent drop in its net profit in the second quarter, on lower earnings from clients in non-US markets.

The company reported a net profit of ₹2,649.1 crore in July-September quarter, compared to ₹2,930.6 crore in the same period a year back, the company said in a statement.

Revenues rose to ₹22,539.7 crore in the quarter under review, from ₹19,667.4 crore a year-ago.

Wipro said earnings from its clients in non-US markets fell in the second quarter.

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Earnings from Europe dropped to ₹787.5 crore, from ₹918.6 crore a year back.

Similarly, the Asia Pacific/Middle East/Africa (APMEA) region saw lower earnings of ₹219.4 crore, as compared to ₹302.8 crore last year.

Published on October 12, 2022 11:01