Sunday 25th Oct, 2026
New Delhi: India’s third largest software services firm Wipro on Tuesday said its consolidated net profit has declined marginally to Rs 2,143.2 crore for the quarter ended September 30, 2017.
This is against a net profit of Rs 2,163.6 crore in the July-September 2016 quarter as per Indian accounting norms (Ind AS), Wipro said in a BSE filing.
Wipro’s total income slipped 1.8% to Rs 14,134.8 crore in the quarter under review from Rs 14,407.3 crore in the year-ago period, it added.
Revenues from IT services segment, which accounts for a significant portion of the company’s topline, stood at $2.013 billion, up 2.1% sequentially.
This was higher than the company’s revenue guidance range of $1,962 million to $2,001 million.
“We surpassed the milestone of $2 billion in quarterly revenues for IT services on the back of rigorous execution of our strategy,” Wipro CEO Abidali Z Neemuchwala said.
For the October-December 2017 quarter, the company expects revenues from the IT services business to be in the range of $2,014 million to $2,054 million.
Wipro’s revenues from IT products segment was Rs 300 crore ($46 million) in the reported quarter.
The company saw its headcount coming down to 1,63,759 during the second quarter from 1,66,790 in the previous sequential quarter. Attrition stood at 15.7% on trailing 12 months basis.