Bangalore |6 months ago
Wipro net up 24 percent in second quarter
Friday, 02 November 2012 | http://www.nerve.in/news:253500472061 | channel: India

"Under the International Financial Reporting Standards -, the net income is $304 million and the total revenue is $2 billion."
 
Bangalore, Nov 2 - Wipro Ltd posted a net profit of Rs.1,611 crore - for the second quarter - of this fiscal -, registering 24 percent increase year-on-year - over the same period last fiscal -.

In a regulatory filing Friday, the IT bellwether said total revenue rose 17 percent YoY to Rs.10,657 crore - for the quarter - under review, according to the Indian accounting standard.

Under the International Financial Reporting Standards -, the net income is $304 million and the total revenue is $2 billion.

The company's flagship IT business revenue, however, increased marginally to $1.54 billion, registering 4.6 percent YoY and 1.7 percent sequentially under IFRS and by 23 percent YoY to Rs.8,373 crore - under the Indian accounting standard.

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