Results for the quarter ended September 30, 2016 under IFRS
Gross Revenues grew 10% YoY
IT Services Segment Revenue in US Dollar terms grew by 7.2% YoY in constant currency
Bangalore, India and East Brunswick, New Jersey, USA -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its second quarter ended September 30, 2016.
Highlights of the Results
Gross Revenues were `137.7 billion ($2.1 billion1), an increase of 10% YoY.
Net Income2 was `20.7 billion ($312 million1), a decline of 8% YoY.
Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 0.9% sequentially and grew
IT Services Segment Revenue was $1,916.3 million, a sequential decrease of 0.8% and YoY increase of 4.6%.
IT Services Segment Revenue in Rupee terms was `131.4 billion ($2.0 billion1), an increase of 9% YoY.
IT Services Segment Profits3 was `23.4 billion ($352 million1), a decrease of 5% YoY.
IT Services Margins4 was 17.8% for the quarter, as compared to 17.8% for the quarter ended June 30, 2016.
For the full release see attached PDF below