Wipro Q2 Results: From net profit, gross revenue to outlook, check highlights

Wipro Q2 Results Highlights: The IT major today announced financial results under International Financial Reporting Standards (IFRS) for its quarter ended September 30, 2018. The IT services major posted a 13.8 percent decline in consolidated net profit at Rs 1,889 crore for the July-September quarter of 2018-19 compared to the same period previous year.

However, Wipro is looking confidently at the next quarter. In its outlook for the quarter ending December 31, 2018, the company expects revenue from IT Services business to be in the range of $2,028 million (about 14700 cr)  to $2,068 million. Comparable revenue excluding India PSU and India Government business for the quarter ended September 30, 2018, was $2,007 million. This translates to sequential growth outlook of 1.0 percent to 3.0 percent, the company statement said.  

Wipro Q2 Results Highlights:  
* Consolidated net profit at Rs 1,889 crore
* Gross Revenue was Rs 14540 crore ($2.0 billion)
* IT Services Segment Revenue was Rs 14380 crore ($2.0 billion)

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* Adjusted IT Services Segment Revenue was up 6.2 percent sequentially and 10.4 percent YoY in rupee terms.
* IT Services Segment Revenue in dollar terms at $2,041.2 million.
*Adjusted Non-GAAP constant currency IT Services Segment Revenue up 2.8 percent sequentially and 5.1 percent YoY.
* Adjusted IT Services Margin for the quarter was 18.1 percent. IT Services Margin reported was 14.6 percent.
*EPS for the quarter was Rs 419 crore ($0.063) per share.