Wipro Q2 Results | Wipro second quarter FY10 results

Wipro Q2 Results | Wipro second quarter FY10 results

Wipro has announced its second quarter FY10 results. Its Q2 net profit jumped 14.4% to Rs 1,161.7 crore as against Rs 1,015.5 crore, on quarter-on-quarter basis (QoQ).

Revenues increased 10.35% to Rs 6,940.2 crore versus Rs 6,289.1 crore, (QoQ). Consolidated global IT revenues came in at $1.06 billion. IT services operating margin improved to 23.6% versus 21%, (QoQ).

Wipro’s second quarter numbers were above the street expectations as well as its guidance. CNBC-TV18 was expecting net profit at Rs 1,044.8 crore and revenues at Rs 6,569.6 crore.

In dollar terms, its Q2 revenues stood at $ 1060 million versus $1033 million while Q2 guidance was at $ 1035-1053 million and poll of $1065 million.

North America revenues were up 0.9% and European Union revenues went up 7.2% (QoQ).

more :: http://www.moneycontrol.com/news/results/wipro-q2-nos-above-street-expectations-net144_420983.html

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