Wipro Q2 net profit declines 1.9% YoY, IT services revenue remains flat QoQ
Mumbai, Oct. 15 -- Gross revenue rose 9.1% YoY to Rs 24,752.7 crore from Rs 22,697.3 crore.
Sequentially, net profit fell 4.7%, while gross revenue increased 1.1%.
Profit before tax stood at Rs 4,204.7 crore in Q2 FY27, down 3.0% vs the previous quarter and 1.8% vs the year-ago quarter.
IT services operating margin stood at 16.5%, up 0.5 percentage points QoQ but down 0.2 percentage points YoY.
IT services segment revenue stood at $2,611.5 million, down 0.1% QoQ and up 0.3% YoY. In constant-currency terms, IT services revenue was flat sequentially and increased 0.6% YoY.
Total bookings declined 22.9% QoQ in constant-currency terms to $2,595 million, while large-deal bookings fell 58.6% to $674 million.
Operating cash flow stood at R...
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