Software major Wipro on Tuesday reported Rs 2, 550 crore net profit for the second quarter (Q2) of fiscal 2019 - 20, registering 35 per cent growth over the same period last year.
Sequentially, net profit grew 7 per cent from Rs 2, 390 crore a quarter ago.
In a regulatory filing on the BSE, the city - based IT major said revenue for the quarter under review grew 4 per cent to Rs 15, 130 crore from the like period a year ago and 2. 8 per cent sequentially from Rs 14, 720 crore last quarter.
Revenue from its global IT services business grew 2. 5 per cent to $2, 049 million from $ 2, 010 million a year ago and flat sequentially from $2, 039 million a quarter ago.
The services revenue ($2. 049 million) is within the guidance range of $2, 039 - 2, 080 million given on July 17.
Under the International Financial Reporting Standards (IFRS), net income is $361 million and gross income $2. 1 billion for the quarter.
The operating margin grew 3. 1 per cent to 18. 1 per cent from 15 per cent year ago but declined marginal sequentially from 18. 4 per cent last quarter.
Wipro's earnings per share (EPS) of Rs 2 face value shot up 37 per cent.
The company has projected revenue from its IT services for the third quarter in the range of $2, 065 - 2, 216 million, which is 0. 8 - 2. 8 per cent sequential growth from the second quarter.
"We had a good in - quarter execution on both revenues and margins.
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