Wipro Q2 revenue up 8% to $1.9 bn, net income grew 8% to $337 mn

IT services provider Wipro today said its second quarter revenue in fiscal 2015 rose 8 percent to $1.9 billion and net income grew 8 percent to $337 million.

IT services revenue of Wipro increased 8.6 percent to $1.77 billion with margins of 22 percent. IT Services margins includes profit on sale of a strategic investment during the second quarter.

Azim Premji, chairman of Wipro, said: “Business leaders in the US continue to exhibit increased confidence on growth prospects. Clients are increasingly looking to drive business value from their technology investments. We are seeing positive sentiment in India with the confidence that the Government is focused on driving an agenda of growth.”

Azim Premji


Second quarter revenue contribution from Wipro Global Infrastructure Services was 26.8 percent, Advanced Technologies & Solutions 11.5 percent, Business Application Services 29.1 percent, BPO 9.2 percent, Product Engineering 7 percent and ADM 16.4 percent.

In terms of industry verticals, Wipro said Global Media & Telecom contributed 13.9 percent, Finance Solutions 26 percent, Manufacturing & Hitech 18.2 percent, Healthcare, Life Sciences & Services 11.2 percent, Retail, Consumer Goods & Transportation 13.9 percent, and Energy, Natural Resources & Utilities 16.8 percent in the second quarter that ended on 30 September 30, 2014.

Wipro said Americas enterprises contributed 51 percent business, Europe 27.8 percent, India and Middle East 9.2 percent and Asia Pacific and emerging markets 12 percent.

Wipro expects revenues from IT Services business to be in the range of $ 1,808 million to $ 1,842 million.

The IT Services segment of Wipro had a headcount of 154,297 as of September 30, 2014.

The Bangalore-based IT services company added 50 new customers during the quarter.

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