Wipro Reported 8% Increase In Net Income For Q2, YoY

Wipro Limited announced following financial results for its second quarter ended September 30, 2014. Highlights of the Results for the Quarter ended September 30, 2014 are:

Total Revenues were 116.8 billion ($1.9 billion), an increase of 8 percent year on year.

Net Income was 20.8 billion ($337 million), an increase of 8 percent YoY.

IT Services Revenue was $1,771.5 million, a sequential increase of 1.8 percent and YoY increase of 8.6 percent 

Non-GAAP constant currency IT Services Revenue in dollar terms grew 3 percent to $1,793.1 million, within guidance range of $1,770 million to $1,810 million.

IT Services Margins was 22.0 percent. IT Services Margins includes profit on sale of a strategic investment during the quarter.

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