Wipro reported a consolidated net profit of ₹2,484 crore in Q2 FY20, up 3 per cent quarter-on-quarter.
Also read: Wipro Q2 net profit declines 3.4% to ₹2,470 crore
Revenues came in at ₹15,115 crore, up 1.4 per cent sequentially. Out of this, IT services revenue came in at ₹14,768 crore — up 1.2 per cent — aided by an uptick in demand at almost all its business units. In dollar terms, revenues from IT services were at $1.99 billion, compared to $1.92 billion in the previous quarter.
The company’s revenue growth during the quarter ended September 30, 2020 points to a general improvement in demand environment for Indian IT services company.
TCS had also alluded to a robust uptick in demand for IT services during the quarter, pointing to a multi-year technological transformation demand in the future.
Also read: TCS reports 6.45% profit in Q2
Wipro restarted its