E-Paper
Wipro Q2 net profit drops 14% to ₹1,889 crore
Its revenue from operations, however, grew 8.3 per cent to ₹14,541 crore during the period under review from ₹13,423.4 crore in the same quarter last year.
IT services major Wipro Wednesday posted a 13.8 per cent decline in consolidated net profit at ₹1,889 crore for the July-September quarter of 2018-19 compared to the year-ago period. The net profit, attributable to shareholders, in the year-ago period was at ₹2,191.8 crore, according to a regulatory filing by Wipro.
Its revenue from operations, however, grew 8.3 per cent to ₹14,541 crore during the period under review from ₹13,423.4 crore in the same quarter last year.
Wipro, which gets bulk of its topline from IT services, said its board has approved the appointment of Arundhati Bhattacharya as an Additional Director.
“... the Board of Directors of the company at its meeting held on October 24, 2018, approved the appointment of Arundhati Bhattacharya as an Additional Director in the capacity of Independent Director for a term of five years with effect from January 1, 2019,” it said in a separate filing. The appointment is subject to the approval of shareholders of the company, it added.
