Wipro net up 10 percent in second quarter

Bangalore, Oct 22 (IANS) Wipro Ltd Friday posted a net profit of Rs.1,285 crore (Rs.12.85 billion) for second quarter (July-Sep) of this fiscal 2010-11, registering an increase of 10 percent year-on-year (YoY).

In a regulatory filing, the IT bellwether said its total revenue for the quarter under review was Rs.7,731 crore (Rs.77.31 billion), an increase of 12 percent YoY.

As per the International Financial Regulatory System (IFRS), net income is $288 million and total revenue $1.73 billion.

Revenue from its global IT services business is Rs.5,747 crore (Rs.57.47 billion/$1.3 billion).

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