Wipro Ltd.'s net Income for Q2FY20 was Rs2,550cr, an increase of 35.1% yoy. Gross Revenue was Rs15,130cr ($2.1bn) for the quarter, an increase of 4.0% yoy.
Key Highlights:
- IT Services segment's revenue was at $2,048.9mn, an adjusted increase of 2.5% yoy
- Non-GAAP constant currency IT Services segment revenue increased by 1.1% qoq.
- Adjusted non-GAAP constant currency IT Services Segment Revenue grew 3.8% yoy.
- IT services operating margin for the quarter was at 18.1%, an increase of 3.1% yoy.
- EPS for the quarter was Rs3 per share and grew 36.7% yoy.
Revenue Guidance:
- The company expects revenue from its IT Services business to be in the range of $2,065mn to $2,106mn. This translates to a sequential growth of 0.8% to 2.8%.
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