Wipro revenues hits $2bn in Q2
Bengaluru-based Wipro, a global information technology, consulting and outsourcing company, registered revenues of US$2.04 billion in the second quarter ended September 30. The figure exceeded estimates despite the firm’s divestment of some businesses. Wipro’s dollar revenue grew 1.37% on a year-over-year basis and rose 1.6% on a sequential basis. Also, Wipro’s sequential growth in revenue both in constant and dollar terms was higher at 2.8% and 1.9%, respectively. A Bloomberg survey of 25 analysts had forecast Wipro to post revenue of US$1.96 billion in the September quarter. They estimated the company to post a profit of US$288.91 million in Q2. However, Wipro posted a net profit of Rs18.89 billion (US$258 million) during the quarter, missing estimates.
Related news
- DTI consults BPOs on policy changes amid trade war · 26 Oct
- State spending will bolster Philippines economy – ING · 25 Oct
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
