Wipro Q2 profit slips 1.4% as revenue climbs 9.1%, margin improves
Wipro reported a marginal 1.4% year-on-year decline in consolidated net profit to Rs 3,201 crore for the second quarter, even as revenue rose 9.1% to Rs 24,752.7 crore. The company also delivered a sequential improvement in operating margin to 16.5%, but its near-term outlook remains cautious, with Q3 IT services revenue guided to a possible decline of up to 1.5% or growth of 0.5%.
