Wipro today announced its Q2,2010 results and has beaten the street expectations. The Net Profit of Wipro stood at Rs 1,161.7crore vs Rs1,015.5crore in previous quarter(Q1). The net Revenue(Sales) increased to Rs 6940.2 cr Vs Rs 6289.1cr in previous quarter.

The net revenue grew by 6% Y-o-Y and net profit grew by 19% Y-o-Y. The company added37 new clients in the last quarter. Commenting on the results announced byWipro Mr.Premji said “We see more stability in volumes and pricing as well as an improving demand environment. Our broad portfolio of services and strong delivery excellence continues to position us as a partner of choice with customers, as they focus on capital conservation and cost transformation. Looking ahead for the quarter ending December 31, 2009, we expect revenues from our IT Services business to be in the range of $1,092
million to $1,113 million”.

As of Sept 30th 2009, Wipro Ltd has 97,891 employees in its payroll. The company has added many big ticket clients in the last quarter which gave a boost to its over all operating margins. The stock also went up by 2-3% today in the markets which crashed by almost 400 points after RBI announced its rate policies. In the coming days Wipro along with TCS are likely to do well in the stock market front.

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