Wipro net up 28 percent in Q2

Bangalore, Oct 22 (IANS) Wipro Ltd posted net profit of Rs.1,932 crore (Rs.19 billion) for the second quarter of fiscal 2013-14, registering 28 percent year-on-year (YoY).

In a regulatory filing to stock exchanges Tuesday, the IT bellwether said its revenue for the quarter under review (Q2) grew 19 percent (YoY) to Rs.10,992 crore (Rs.110 billion) under the Indian accounting standard.

Under the International Financial Reporting Standard (IFRS), net income for the quarter is $309 million and revenue $1.76 billion, including $1.63 billion from services.

The global software major's IT services revenue grew 5.9 percent YoY and 2.7 percent sequentially in dollar terms.