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Wipro Q2 net profit falls marginally to Rs 3,200 crore; revenue grows 9% to Rs 24,753 crore

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Wipro Q2 net profit falls marginally to Rs 3,200 crore; revenue grows 9% to Rs 24,753 crore

Business News Tech IT Wipro Q2 net profit falls marginally to Rs 3,200 crore; revenue grows 9% to Rs 24,753 crore

Wipro Q2 net profit falls marginally to Rs 3,200 crore; revenue grows 9% to Rs 24,753 crore

Bengaluru-based Wipro said the business environment was weak and unchanged in the past quarter, when it reported its weakest deal wins in 15 quarters. Its headcount fell by more than 6,700 employees to the lowest in 12 quarters.

Wipro's second-quarter net profit fell 1.9% from a year earlier and 4.7% sequentially to Rs 3,200 crore, hurt by higher finance and marketing costs. Revenue for the three months ended September 30 rose 9.1% year-on-year and 1.1% quarter-on-quarter to Rs 24,752.7 crore, the IT services company reported on Thursday.Bengaluru-based Wipro said the business environment was weak and unchanged in the past quarter, when it reported its weakest deal wins

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